Ensign Energy Services Inc (TSE:ESI) has earned an average recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$4.88.
ESI has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price objective on shares of Ensign Energy Services from C$5.00 to C$4.25 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. CIBC lowered their price objective on shares of Ensign Energy Services from C$6.50 to C$5.00 in a research report on Tuesday, October 15th. Canaccord Genuity lowered their price objective on shares of Ensign Energy Services from C$5.00 to C$4.25 in a research report on Wednesday, November 27th. Raymond James reaffirmed an “outperform” rating and set a C$5.00 price objective on shares of Ensign Energy Services in a research report on Wednesday, November 13th. Finally, TD Securities lowered their price objective on shares of Ensign Energy Services from C$6.50 to C$5.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th.
In related news, Senior Officer Robert Harold Geddes acquired 15,531 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was purchased at an average price of C$2.83 per share, with a total value of C$43,904.58. Following the transaction, the insider now owns 743,572 shares of the company’s stock, valued at approximately C$2,102,003.69.
Shares of Ensign Energy Services stock traded down C$0.01 during mid-day trading on Friday, hitting C$2.60. The stock had a trading volume of 264,970 shares, compared to its average volume of 395,092. The firm has a 50-day moving average of C$2.72 and a two-hundred day moving average of C$3.12. Ensign Energy Services has a 12-month low of C$2.25 and a 12-month high of C$6.45. The company has a quick ratio of 1.26, a current ratio of 1.51 and a debt-to-equity ratio of 106.22. The firm has a market cap of $427.69 million and a P/E ratio of 6.65.
Ensign Energy Services (TSE:ESI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C($0.23) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.15). The firm had revenue of C$393.53 million for the quarter, compared to analyst estimates of C$421.37 million. Sell-side analysts expect that Ensign Energy Services will post -0.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 9.23%. Ensign Energy Services’s payout ratio is currently 122.76%.
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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