A number of other brokerages have also issued reports on ESI. BMO Capital Markets cut their price objective on shares of Ensign Energy Services from C$7.50 to C$6.50 and set a market perform rating for the company in a report on Wednesday, August 8th. Evercore lowered shares of Ensign Energy Services from an outperform rating to an in-line rating and cut their price objective for the company from C$7.00 to C$6.00 in a report on Tuesday. Canaccord Genuity increased their price objective on shares of Ensign Energy Services from C$6.00 to C$6.50 in a report on Friday, August 17th. Finally, GMP Securities raised shares of Ensign Energy Services from a reduce rating to a hold rating and increased their price objective for the company from C$5.00 to C$5.75 in a report on Wednesday, August 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Ensign Energy Services has an average rating of Hold and an average price target of C$6.94.
Shares of ESI opened at C$5.33 on Tuesday. Ensign Energy Services has a 1 year low of C$5.29 and a 1 year high of C$7.83.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Thursday, October 4th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date was Thursday, September 20th.
In other Ensign Energy Services news, Director Roger Lace bought 5,500 shares of the business’s stock in a transaction that occurred on Thursday, October 11th. The stock was purchased at an average cost of C$5.81 per share, with a total value of C$31,955.00.
About Ensign Energy Services
Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services 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 coring and oil sands drilling services to the mining, and oil and natural gas industries.
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