Ensign Energy Services (TSE:ESI – Free Report) had its price target reduced by Royal Bank of Canada from C$4.00 to C$3.50 in a research note published on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other research firms have also issued reports on ESI. Stifel Nicolaus upped their price target on shares of Ensign Energy Services from C$2.50 to C$2.75 and gave the company a hold rating in a research report on Monday, March 4th. BMO Capital Markets raised their price target on Ensign Energy Services from C$3.00 to C$3.50 and gave the stock an outperform rating in a research report on Monday, March 4th. Finally, CIBC lifted their price target on Ensign Energy Services from C$3.25 to C$3.75 and gave the stock a neutral rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$4.11.
View Our Latest Report on Ensign Energy Services
Ensign Energy Services Stock Down 3.3 %
Ensign Energy Services (TSE:ESI – Get Free Report) last issued its quarterly earnings results on Friday, March 1st. The company reported C$0.17 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.14. The business had revenue of C$430.54 million for the quarter, compared to analysts’ expectations of C$444.50 million. Ensign Energy Services had a net margin of 2.30% and a return on equity of 3.21%. As a group, research analysts expect that Ensign Energy Services will post 0.1998433 earnings per share for the current fiscal year.
Ensign Energy Services Company Profile
Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries 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 equipment and services.
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