Ensign Energy Services (TSE:ESI) had its price objective lowered by Evercore ISI from C$8.00 to C$6.00 in a research report sent to investors on Friday, Stock Target Advisor reports.
ESI has been the subject of several other research reports. BMO Capital Markets reduced their target price on shares of Ensign Energy Services from C$7.00 to C$5.00 in a research note on Wednesday, August 7th. Evercore reduced their target price on shares of Ensign Energy Services from C$8.00 to C$6.00 in a research note on Friday. Royal Bank of Canada reiterated an outperform rating and issued a C$8.00 target price on shares of Ensign Energy Services in a research note on Wednesday, July 3rd. Raymond James reduced their target price on shares of Ensign Energy Services from C$6.50 to C$6.00 and set an outperform rating for the company in a research note on Wednesday, August 7th. Finally, CIBC reduced their target price on shares of Ensign Energy Services from C$7.00 to C$6.50 in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of C$6.58.
TSE ESI opened at C$3.14 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.71 and a debt-to-equity ratio of 108.94. The company has a 50-day moving average of C$4.16. Ensign Energy Services has a twelve month low of C$3.14 and a twelve month high of C$7.20. The company has a market capitalization of $524.33 million and a PE ratio of 7.87.
Ensign Energy Services (TSE:ESI) last released its earnings results on Monday, May 13th. The company reported C($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.29) by C$0.20. The company had revenue of C$445.26 million during the quarter, compared to the consensus estimate of C$429.90 million. On average, sell-side analysts predict that Ensign Energy Services will post -0.32 earnings per share for the current year.
About Ensign Energy Services
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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