BMO Capital Markets Reaffirms “Market Perform” Rating for Ensign Energy Services Inc (ESI)
BMO Capital Markets reissued their market perform rating on shares of Ensign Energy Services Inc (TSE:ESI) in a research report report published on Tuesday. The firm currently has a C$8.50 price target on the stock.
ESI has been the subject of several other research reports. Raymond James Financial, Inc. downgraded shares of Ensign Energy Services from an outperform rating to a market perform rating and lowered their target price for the company from C$9.00 to C$7.20 in a report on Tuesday, August 22nd. CIBC lowered their target price on shares of Ensign Energy Services from C$9.00 to C$8.00 in a report on Friday, October 20th. Royal Bank Of Canada increased their target price on shares of Ensign Energy Services from C$9.00 to C$10.00 and gave the company an outperform rating in a report on Friday, October 6th. TD Securities downgraded shares of Ensign Energy Services from a buy rating to a hold rating and set a C$7.50 target price for the company. in a report on Monday, October 2nd. Finally, Canaccord Genuity lowered their target price on shares of Ensign Energy Services from C$7.50 to C$7.00 in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of C$8.90.
Shares of Ensign Energy Services (TSE ESI) opened at C$6.32 on Tuesday. Ensign Energy Services has a 1-year low of C$6.09 and a 1-year high of C$10.41.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 19th. This represents a $0.48 dividend on an annualized basis and a yield of 7.59%. Ensign Energy Services’s dividend payout ratio (DPR) is presently -51.06%.
In related news, Director Gail Donelda Surkan sold 33,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of C$6.59, for a total transaction of C$217,470.00.
About Ensign Energy Services
Ensign Energy Services Inc is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. The Company’s oilfield services include drilling and well servicing, oil sands coring, directional services, underbalanced and managed pressure drilling, equipment rentals, wireline services and production testing/fracturing fluid (frac flowback) services.
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