Ensign Energy Services (TSE:ESI) Stock Price Up 6.1% – Still a Buy?

Ensign Energy Services Inc. (TSE:ESI)’s share price traded up 6.1% on Tuesday . The stock traded as high as C$4.97 and last traded at C$4.72. 156,395 shares traded hands during trading, a decline of 51% from the average session volume of 320,025 shares. The stock had previously closed at C$4.45.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. TD lifted their target price on Ensign Energy Services from C$3.50 to C$3.75 and gave the stock a “hold” rating in a report on Friday, May 8th. ATB Cormark Capital Markets raised shares of Ensign Energy Services from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$4.00 to C$5.00 in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada upped their price objective on shares of Ensign Energy Services from C$3.50 to C$4.00 and gave the company a “sector perform” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ensign Energy Services has an average rating of “Hold” and a consensus price target of C$3.80.

Ensign Energy Services Stock Up 6.1%

The company has a market cap of C$870.14 million, a price-to-earnings ratio of -16.28, a PEG ratio of 202.94 and a beta of 1.28. The business has a fifty day moving average of C$3.69 and a two-hundred day moving average of C$3.17. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 75.31.

Ensign Energy Services (TSE:ESI) last announced its earnings results on Thursday, May 7th. The company reported C($0.06) earnings per share (EPS) for the quarter. Ensign Energy Services had a negative net margin of 3.31% and a negative return on equity of 4.13%. The business had revenue of C$418.03 million for the quarter. As a group, equities analysts anticipate that Ensign Energy Services Inc. will post 0.2901354 EPS for the current fiscal year.

Ensign Energy Services Company Profile

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.