TD Cuts Ensign Energy Services (TSE:ESI) Price Target to C$3.50

Ensign Energy Services (TSE:ESI) had its target price cut by stock analysts at TD from C$3.75 to C$3.50 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price objective suggests a potential upside of 2.04% from the stock’s current price.

A number of other research firms have also issued reports on ESI. Royal Bank Of Canada increased their target price on Ensign Energy Services from C$3.50 to C$4.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 14th. ATB Cormark Capital Markets raised Ensign Energy Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$4.00 to C$5.00 in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$3.75.

Ensign Energy Services Stock Up 1.5%

Ensign Energy Services stock traded up C$0.05 during trading on Monday, reaching C$3.43. 91,577 shares of the company’s stock were exchanged, compared to its average volume of 301,040. Ensign Energy Services has a 52-week low of C$2.00 and a 52-week high of C$4.97. The firm has a market cap of C$632.32 million, a price-to-earnings ratio of -11.83, a PEG ratio of 202.94 and a beta of 1.15. The company has a debt-to-equity ratio of 75.31, a quick ratio of 1.30 and a current ratio of 1.31. The company’s 50-day moving average is C$3.87 and its two-hundred day moving average is C$3.51.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings data on Thursday, May 7th. The company reported C($0.06) EPS for the quarter. Ensign Energy Services had a negative net margin of 3.31% and a negative return on equity of 4.13%. The company had revenue of C$418.03 million during the quarter. On average, analysts predict that Ensign Energy Services will post 0.2901354 earnings per share for the current year.

About Ensign Energy Services

Ensign is a global leader in oilfield services, headquartered out of Calgary, Alberta, operating in Canada, the United States and internationally. We are one of the world’s top land-based drilling and well servicing contractors serving crude oil, natural gas, and geothermal operators. Our premium services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment and well servicing. Please visit our website at www.ensignenergy.com.