Ensign Energy Services (TSE:ESI) had its price target lowered by Evercore ISI from C$8.00 to C$6.00 in a report released on Friday, Stock Target Advisor reports.
A number of other research firms also recently weighed in on ESI. Raymond James lowered their target price on Ensign Energy Services from C$6.50 to C$6.00 and set an outperform rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada reissued an outperform rating and issued a C$8.00 target price on shares of Ensign Energy Services in a report on Wednesday, July 3rd. BMO Capital Markets lowered their target price on Ensign Energy Services from C$7.00 to C$5.00 in a report on Wednesday, August 7th. Evercore lowered their target price on Ensign Energy Services from C$8.00 to C$6.00 in a report on Friday. Finally, AltaCorp Capital reissued an outperform rating on shares of Ensign Energy Services in a report on Thursday, June 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of C$6.58.
Ensign Energy Services stock opened at C$3.36 on Friday. The company has a debt-to-equity ratio of 108.94, a current ratio of 1.96 and a quick ratio of 1.71. Ensign Energy Services has a one year low of C$3.15 and a one year high of C$7.20. The stock has a market capitalization of $527.47 million and a PE ratio of 8.42. The firm’s fifty day simple moving average is C$4.25.
Ensign Energy Services (TSE:ESI) last released its quarterly earnings data on Monday, May 13th. The company reported C($0.09) EPS for the quarter, beating the consensus estimate of C($0.29) by C$0.20. The business had revenue of C$445.26 million for the quarter, compared to analysts’ expectations of C$429.90 million. As a group, research analysts anticipate that Ensign Energy Services will post -0.32 earnings per share for the current fiscal year.
Ensign Energy Services Company Profile
Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and coring and oil sands drilling services to the mining, and oil and natural gas industries.
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