Raymond James reiterated their outperform rating on shares of Ensign Energy Services (TSE:ESI) in a report published on Wednesday morning, BayStreet.CA reports. Raymond James currently has a C$5.00 price objective on the stock.
A number of other research firms have also weighed in on ESI. Royal Bank of Canada dropped their price objective on Ensign Energy Services from C$5.00 to C$4.25 and set an outperform rating for the company in a research note on Wednesday. Evercore dropped their price objective on Ensign Energy Services from C$8.00 to C$6.00 in a research note on Friday, August 9th. Evercore ISI dropped their price objective on Ensign Energy Services from C$8.00 to C$6.00 in a research note on Friday, August 9th. Canaccord Genuity dropped their price objective on Ensign Energy Services from C$6.75 to C$5.50 in a research note on Friday, August 16th. Finally, CIBC dropped their price objective on Ensign Energy Services from C$6.50 to C$5.00 in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of C$5.33.
TSE ESI traded up C$0.12 on Wednesday, reaching C$2.44. 1,281,064 shares of the company’s stock traded hands, compared to its average volume of 383,054. Ensign Energy Services has a 12 month low of C$2.25 and a 12 month high of C$6.45. The company has a debt-to-equity ratio of 105.22, a current ratio of 1.72 and a quick ratio of 1.45. The stock has a 50-day simple moving average of C$2.79 and a 200 day simple moving average of C$3.93. The stock has a market cap of $428.70 million and a PE ratio of 5.70.
Ensign Energy Services Company Profile
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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