Ensign Energy Services (TSE:ESI) had its price objective lowered by Royal Bank of Canada from C$5.00 to C$4.25 in a research report report published on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
ESI has been the subject of several other research reports. Raymond James set a C$6.00 target price on shares of Ensign Energy Services and gave the stock an outperform rating in a report on Wednesday, September 4th. Evercore ISI reduced their target price on shares of Ensign Energy Services from C$8.00 to C$6.00 in a report on Friday, August 9th. CIBC reduced their target price on shares of Ensign Energy Services from C$6.50 to C$5.00 in a report on Tuesday, October 15th. BMO Capital Markets reduced their target price on shares of Ensign Energy Services from C$5.00 to C$3.50 in a report on Tuesday, September 10th. Finally, Canaccord Genuity reduced their target price on shares of Ensign Energy Services from C$6.75 to C$5.50 in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of C$5.33.
ESI traded up C$0.12 during trading hours on Wednesday, hitting C$2.44. 1,281,064 shares of the company’s stock were exchanged, compared to its average volume of 383,054. Ensign Energy Services has a 1-year low of C$2.25 and a 1-year high of C$6.45. The stock’s 50-day moving average is C$2.79 and its two-hundred day moving average is C$3.93. The stock has a market cap of $428.70 million and a price-to-earnings ratio of 5.70. The company has a quick ratio of 1.45, a current ratio of 1.72 and a debt-to-equity ratio of 105.22.
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.
Receive News & Ratings for Ensign Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensign Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.