Ensign Energy Services (TSE:ESI) Earns “Buy” Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their buy rating on shares of Ensign Energy Services (TSE:ESIGet Rating) in a research report sent to investors on Tuesday, TipRanks reports. They currently have a C$6.00 target price on the stock.

Several other analysts also recently weighed in on the company. CIBC boosted their price target on Ensign Energy Services from C$3.25 to C$4.50 and gave the company a neutral rating in a research note on Thursday, April 14th. Royal Bank of Canada upgraded Ensign Energy Services from a sector perform rating to a buy rating and boosted their price target for the company from C$3.25 to C$6.00 in a research note on Wednesday, April 13th. ATB Capital boosted their price objective on Ensign Energy Services from C$4.75 to C$5.50 and gave the company an outperform rating in a report on Wednesday, March 2nd. TD Securities raised Ensign Energy Services from a hold rating to a speculative buy rating and boosted their price objective for the company from C$2.50 to C$3.75 in a report on Monday, March 7th. Finally, Raymond James raised Ensign Energy Services from a market perform rating to an outperform rating and boosted their price objective for the company from C$2.20 to C$5.25 in a report on Tuesday, April 5th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Ensign Energy Services currently has a consensus rating of Buy and an average price target of C$5.22.

Ensign Energy Services stock opened at C$3.92 on Tuesday. The company has a debt-to-equity ratio of 122.21, a quick ratio of 1.30 and a current ratio of 1.56. The business’s 50-day simple moving average is C$3.64 and its two-hundred day simple moving average is C$2.60. The company has a market cap of C$637.43 million and a PE ratio of -4.00. Ensign Energy Services has a fifty-two week low of C$1.02 and a fifty-two week high of C$4.64.

Ensign Energy Services (TSE:ESIGet Rating) last posted its quarterly earnings results on Friday, March 4th. The company reported C($0.18) earnings per share for the quarter, missing the consensus estimate of C($0.17) by C($0.01). The business had revenue of C$296.17 million during the quarter, compared to analyst estimates of C$300.65 million. As a group, analysts predict that Ensign Energy Services will post -0.08 EPS for the current fiscal year.

In related news, Director Cary A. Moomjian Jr. sold 142,000 shares of the company’s stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of C$4.44, for a total value of C$629,923.64. Following the completion of the transaction, the director now owns 348,762 shares of the company’s stock, valued at approximately C$1,547,136.83. Also, Senior Officer Robert Harold Geddes purchased 13,000 shares of Ensign Energy Services stock in a transaction that occurred on Friday, March 18th. The stock was acquired at an average cost of C$2.98 per share, with a total value of C$38,740.00. Following the acquisition, the insider now directly owns 1,268,806 shares in the company, valued at approximately C$3,781,041.88.

Ensign Energy Services Company Profile (Get Rating)

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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Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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