Ensign Energy Services Inc. (OTCMKTS:ESVIF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Ensign Energy Services Inc. (OTCMKTS:ESVIFGet Rating) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $4.92.

ESVIF has been the topic of several analyst reports. Canaccord Genuity Group increased their target price on Ensign Energy Services from C$3.00 to C$4.50 and gave the stock a “hold” rating in a report on Friday, April 22nd. Stifel Nicolaus increased their target price on Ensign Energy Services from C$5.50 to C$5.75 in a report on Tuesday, May 10th. CIBC increased their target price on Ensign Energy Services from C$3.25 to C$4.50 in a report on Thursday, April 14th. Royal Bank of Canada increased their target price on Ensign Energy Services from C$6.00 to C$6.50 in a report on Tuesday, May 10th. Finally, TD Securities increased their target price on Ensign Energy Services from C$6.00 to C$6.50 in a report on Tuesday, May 10th.

Ensign Energy Services Price Performance

Shares of OTCMKTS ESVIF opened at $2.61 on Thursday. Ensign Energy Services has a one year low of $1.12 and a one year high of $3.90. The stock’s fifty day moving average price is $2.82 and its two-hundred day moving average price is $2.65.

About Ensign Energy Services

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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.

See Also

Analyst Recommendations for Ensign Energy Services (OTCMKTS:ESVIF)

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