Ensign Energy Services (TSE:ESI) Upgraded to “Strong-Buy” at TD Securities

Ensign Energy Services (TSE:ESI) was upgraded by TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.

Separately, TD upgraded Ensign Energy Services from a “hold” rating to a “buy” rating and upped their target price for the company from C$3.50 to C$4.75 in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$4.31.

Ensign Energy Services Price Performance

Shares of ESI stock opened at C$4.22 on Tuesday. The stock has a 50 day moving average of C$3.69 and a two-hundred day moving average of C$3.71. The company has a current ratio of 1.24, a quick ratio of 1.30 and a debt-to-equity ratio of 73.88. Ensign Energy Services has a 12 month low of C$2.30 and a 12 month high of C$4.97. The company has a market capitalization of C$777.86 million, a P/E ratio of -19.18, a P/E/G ratio of 202.94 and a beta of 1.58.

Ensign Energy Services (TSE:ESI) last announced its quarterly earnings data on Friday, August 7th. The company reported C($0.07) earnings per share for the quarter. The firm had revenue of C$397.33 million for the quarter. Ensign Energy Services had a negative return on equity of 3.11% and a negative net margin of 2.45%. As a group, equities analysts expect that Ensign Energy Services will post 0.29 EPS 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.