TD Securities Lowers Ensign Energy Services (TSE:ESI) Price Target to C$3.25

Ensign Energy Services (TSE:ESI - Get Free Report) had its price target decreased by equities researchers at TD Securities from C$3.50 to C$3.25 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 26.46% from the stock's previous close.

Separately, BMO Capital Markets decreased their price objective on shares of Ensign Energy Services from C$3.50 to C$3.25 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$3.58.

Ensign Energy Services Stock Down 1.5 %

Shares of ESI traded down C$0.04 on Tuesday, reaching C$2.57. The stock had a trading volume of 214,015 shares, compared to its average volume of 228,044. Ensign Energy Services has a 12-month low of C$1.94 and a 12-month high of C$3.16. The firm has a market capitalization of C$472.03 million, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97. The company has a 50-day simple moving average of C$2.49 and a 200-day simple moving average of C$2.43.

Ensign Energy Services (TSE:ESI - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C($0.04) by C$0.02. Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. The business had revenue of C$391.79 million during the quarter, compared to analysts' expectations of C$387.80 million.

Insider Activity at Ensign Energy Services

In related news, Senior Officer Michael Gray purchased 15,000 shares of the business's stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of C$2.24 per share, with a total value of C$33,630.00. 44.90% of the stock is currently owned by company insiders.

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.