Ensign Energy Services (TSE:ESI) had its target price cut by Canaccord Genuity from C$7.75 to C$7.50 in a research report released on Tuesday morning.

Other equities research analysts have also issued reports about the stock. GMP Securities boosted their price objective on shares of Ensign Energy Services from C$7.50 to C$8.00 in a report on Thursday, January 18th. TD Securities boosted their target price on shares of Ensign Energy Services from C$8.50 to C$10.00 in a research report on Tuesday, January 30th. CIBC boosted their target price on shares of Ensign Energy Services from C$8.00 to C$9.00 in a research report on Tuesday, January 23rd. Citigroup decreased their target price on shares of Ensign Energy Services from C$8.00 to C$7.00 in a research report on Friday, November 17th. Finally, BMO Capital Markets restated a market perform rating and set a C$8.50 target price on shares of Ensign Energy Services in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of C$8.41.

Shares of Ensign Energy Services (ESI) opened at C$6.64 on Tuesday. The firm has a market cap of $1,040.00, a price-to-earnings ratio of -7.06 and a beta of 0.76. Ensign Energy Services has a 1-year low of C$5.95 and a 1-year high of C$8.65.

Ensign Energy Services (TSE:ESI) last announced its quarterly earnings data on Wednesday, November 8th. The company reported C($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.12) by C($0.11). The company had revenue of C$247.12 million for the quarter, compared to analysts’ expectations of C$277.20 million. Ensign Energy Services had a negative net margin of 14.78% and a negative return on equity of 8.73%.

In other news, Director Gail Donelda Surkan acquired 33,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was acquired at an average price of C$6.03 per share, for a total transaction of C$198,990.00. Also, insider Michael Gray acquired 5,232 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was purchased at an average price of C$7.45 per share, with a total value of C$38,978.40.

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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.

Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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