Ensign Energy Services Inc (TSE:ESI) has been given a consensus recommendation of “Buy” by the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$6.30.

ESI has been the subject of several analyst reports. CIBC cut their price target on Ensign Energy Services from C$7.00 to C$6.50 in a research note on Thursday, July 18th. Evercore cut their price target on Ensign Energy Services from C$8.00 to C$6.00 in a research note on Friday, August 9th. AltaCorp Capital restated an “outperform” rating on shares of Ensign Energy Services in a research note on Thursday, June 20th. Canaccord Genuity cut their price objective on Ensign Energy Services from C$6.75 to C$5.50 in a research report on Friday, August 16th. Finally, Evercore ISI cut their price objective on Ensign Energy Services from C$8.00 to C$6.00 in a research report on Friday, August 9th.

Shares of Ensign Energy Services stock traded down C$0.08 during trading hours on Friday, hitting C$3.70. 758,215 shares of the company were exchanged, compared to its average volume of 297,737. Ensign Energy Services has a 1 year low of C$2.67 and a 1 year high of C$6.61. The company has a current ratio of 1.72, a quick ratio of 1.45 and a debt-to-equity ratio of 105.22. The business has a 50-day moving average of C$3.37 and a 200-day moving average of C$4.76. The stock has a market capitalization of $585.31 million and a price-to-earnings ratio of 8.64.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings results on Tuesday, August 6th. The company reported C($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.14) by C($0.12). The firm had revenue of C$377.69 million during the quarter, compared to analyst estimates of C$421.20 million. As a group, research analysts anticipate that Ensign Energy Services will post -0.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 12.97%. The ex-dividend date is Wednesday, September 18th. Ensign Energy Services’s dividend payout ratio (DPR) is 112.15%.

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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Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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