Ensign Energy Services (TSE:ESI – Free Report) had its price target hoisted by CIBC from C$3.25 to C$3.75 in a report published on Monday, BayStreet.CA reports. They currently have a neutral rating on the stock.
Several other analysts also recently weighed in on ESI. Royal Bank of Canada boosted their price objective on shares of Ensign Energy Services from C$3.75 to C$4.00 and gave the stock an outperform rating in a research report on Monday, March 4th. BMO Capital Markets boosted their price objective on shares of Ensign Energy Services from C$3.00 to C$3.50 and gave the stock an outperform rating in a research report on Monday, March 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Ensign Energy Services from C$2.50 to C$2.75 and gave the stock a hold rating in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$4.18.
Read Our Latest Report on Ensign Energy Services
Ensign Energy Services Trading Down 2.4 %
Ensign Energy Services (TSE:ESI – Get Free Report) last posted its quarterly earnings results on Friday, March 1st. The company reported C$0.17 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.14. The company had revenue of C$430.54 million during the quarter, compared to analysts’ expectations of C$444.50 million. Ensign Energy Services had a net margin of 2.30% and a return on equity of 3.21%. As a group, research analysts expect that Ensign Energy Services will post 0.1956027 EPS for the current fiscal year.
Ensign Energy Services Company Profile
Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries 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 equipment and services.
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