ATB Cormark Capital Markets Downgrades 21529 (ISC.V) (CVE:ISC) to Tender

21529 (ISC.V) (CVE:ISC) was downgraded by research analysts at ATB Cormark Capital Markets from an “outperform” rating to a “tender” rating in a report released on Wednesday,BayStreet.CA reports. They presently have a C$51.00 target price on the stock, down from their prior target price of C$55.00.

Several other equities research analysts also recently weighed in on the company. Raymond James Financial raised their price target on 21529 (ISC.V) from C$39.00 to C$53.00 and gave the stock an “outperform” rating in a report on Monday, March 23rd. Canadian Imperial Bank of Commerce raised their price target on 21529 (ISC.V) from C$37.00 to C$49.00 in a report on Wednesday, January 28th. Finally, Acumen Capital raised their price target on 21529 (ISC.V) from C$40.00 to C$48.50 in a report on Monday, February 9th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$46.30.

21529 (ISC.V) Price Performance

21529 has a 12-month low of C$2.10 and a 12-month high of C$3.04.

21529 (ISC.V) Company Profile

IROC Energy Services Corp. (IROC Energy) is an oilfield services company. As of December 31, 2011, IROC Energy operated in two segments: the Drilling and Production Services segment and Rental Services segment. The Drilling and Production Services segment carries on business in Western Canada through the Eagle Well Servicing (Eagle) and Helix Coil Services (Helix) divisions. Aero Rental Services (Aero), its rentals division, offers a range of rental equipment to the oil and gas industry. Through the IROC Energy Services Partnership (the IROC Partnership), the Company provides products, services and equipment to the oil and gas industry in the Western Canadian Sedimentary Basin (WCSB).