Ensign Energy Services (TSE:ESI – Get Free Report) was upgraded by equities research analysts at TD from a “hold” rating to a “buy” rating in a research note issued on Tuesday, BayStreet reports. The firm presently has a C$4.75 price target on the stock, up from their previous price target of C$3.50. TD’s target price suggests a potential upside of 14.46% from the stock’s current price.
Ensign Energy Services Stock Performance
Shares of TSE:ESI traded up C$0.19 during midday trading on Tuesday, hitting C$4.15. The company’s stock had a trading volume of 766,033 shares, compared to its average volume of 290,801. The company has a debt-to-equity ratio of 73.88, a quick ratio of 1.30 and a current ratio of 1.24. The stock’s 50 day simple moving average is C$3.68 and its 200 day simple moving average is C$3.70. The stock has a market capitalization of C$764.96 million, a price-to-earnings ratio of -18.86, a PEG ratio of 202.94 and a beta of 1.58. Ensign Energy Services has a fifty-two week low of C$2.30 and a fifty-two week high of C$4.97.
Ensign Energy Services (TSE:ESI – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported C($0.07) earnings per share for the quarter. Ensign Energy Services had a negative return on equity of 3.11% and a negative net margin of 2.45%. The business had revenue of C$397.33 million for the quarter. As a group, research analysts anticipate that Ensign Energy Services will post 0.29 earnings per share for the current year.
About Ensign Energy Services
Ensign is a global leader in oilfield services, headquartered out of Calgary, Alberta, operating in Canada, the United States and internationally. We are one of the world’s top land-based drilling and well servicing contractors serving crude oil, natural gas, and geothermal operators. Our premium services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment and well servicing. Please visit our website at www.ensignenergy.com.
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