TD Securities Upgrades Ensign Energy Services (ESI) to “Buy”
Ensign Energy Services (TSE:ESI) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a C$8.50 price objective on the stock, up from their previous price objective of C$7.50. TD Securities’ price objective would suggest a potential upside of 20.06% from the stock’s previous close.
ESI has been the subject of a number of other research reports. Royal Bank of Canada boosted their price target on Ensign Energy Services from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. CIBC reduced their price target on Ensign Energy Services from C$9.00 to C$8.00 in a research report on Friday, October 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$8.50 price target on shares of Ensign Energy Services in a research report on Tuesday, November 7th. Canaccord Genuity reduced their price target on Ensign Energy Services from C$7.50 to C$7.25 in a research report on Tuesday, November 7th. Finally, Citigroup reduced their price target on Ensign Energy Services from C$8.00 to C$7.00 in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of C$8.12.
Shares of Ensign Energy Services (TSE:ESI) opened at C$7.08 on Thursday. The stock has a market capitalization of $1,100.00, a price-to-earnings ratio of -7.53 and a beta of 0.72. Ensign Energy Services has a 12-month low of C$5.95 and a 12-month high of C$9.81.
In other Ensign Energy Services news, Director Gail Donelda Surkan acquired 33,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of C$6.03 per share, with a total value of C$198,990.00.
Ensign Energy Services Company Profile
Ensign Energy Services Inc is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. The Company’s oilfield services include drilling and well servicing, oil sands coring, directional services, underbalanced and managed pressure drilling, equipment rentals, wireline services and production testing/fracturing fluid (frac flowback) services.
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