Ensign Energy Services (TSE:ESI) Price Target Raised to C$3.75

Ensign Energy Services (TSE:ESIGet Free Report) had its target price increased by CIBC from C$3.25 to C$3.75 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 51.21% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. BMO Capital Markets upped their price target on Ensign Energy Services from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research note on Monday, March 4th. Royal Bank of Canada increased their target price on Ensign Energy Services from C$3.75 to C$4.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Stifel Nicolaus increased their price objective on Ensign Energy Services from C$2.50 to C$2.75 and gave the company a “hold” rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$4.18.

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Ensign Energy Services Stock Performance

Shares of Ensign Energy Services stock opened at C$2.48 on Monday. Ensign Energy Services has a 52 week low of C$1.77 and a 52 week high of C$3.78. The business’s fifty day simple moving average is C$2.46 and its 200-day simple moving average is C$2.35. The firm has a market cap of C$453.54 million, a PE ratio of 11.27, a price-to-earnings-growth ratio of 202.94 and a beta of 3.10. The company has a quick ratio of 1.30, a current ratio of 1.04 and a debt-to-equity ratio of 94.00.

Ensign Energy Services (TSE:ESIGet Free Report) last announced its quarterly earnings results on Friday, March 1st. The company reported C$0.17 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.14. Ensign Energy Services had a return on equity of 3.21% and a net margin of 2.30%. The business had revenue of C$430.54 million for the quarter, compared to analyst estimates of C$444.50 million. Equities analysts forecast that Ensign Energy Services will post 0.1956027 earnings per share for the current year.

Ensign Energy Services Company Profile

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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.

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