Ensign Energy Services (TSE:ESI) Stock Moved Up to Outperform by BMO Capital Markets

Ensign Energy Services (TSE:ESI) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Monday, BayStreet reports. The firm presently has a C$6.00 price target on the stock, up from their previous price target of C$4.00. BMO Capital Markets‘s price objective suggests a potential upside of 45.63% from the company’s current price.

A number of other research firms have also weighed in on ESI. TD raised shares of Ensign Energy Services from a “hold” rating to a “buy” rating and raised their price target for the company from C$3.50 to C$4.75 in a research report on Tuesday, October 20th. TD Securities upgraded shares of Ensign Energy Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Ensign Energy Services currently has a consensus rating of “Buy” and a consensus target price of C$4.94.

Ensign Energy Services Stock Up 4.8%

TSE:ESI traded up C$0.19 during trading hours on Monday, hitting C$4.12. 181,224 shares of the company traded hands, compared to its average volume of 306,581. The company has a quick ratio of 1.30, a current ratio of 1.24 and a debt-to-equity ratio of 73.88. The firm’s 50-day simple moving average is C$3.85 and its 200-day simple moving average is C$3.68. Ensign Energy Services has a one year low of C$2.30 and a one year high of C$4.97. The company has a market cap of C$759.43 million, a PE ratio of -18.73, a PEG ratio of 202.94 and a beta of 1.41.

Ensign Energy Services (TSE:ESI) last posted its quarterly earnings data on Friday, November 6th. The company reported C$0.06 earnings per share (EPS) for the quarter. Ensign Energy Services had a negative net margin of 2.45% and a negative return on equity of 3.11%. The firm had revenue of C$481.71 million for the quarter. Equities analysts predict that Ensign Energy Services will post 0.29 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.