Ensign Energy Services Inc. (TSE:ESI) shares traded up 0.7% during trading on Wednesday . The company traded as high as C$6.19 and last traded at C$6.12. 46,455 shares were traded during mid-day trading, a decline of 83% from the average session volume of 279,820 shares. The stock had previously closed at C$6.08.

A number of research analysts recently commented on the company. Canaccord Genuity decreased their price target on Ensign Energy Services from C$7.50 to C$7.00 in a research report on Wednesday, August 9th. CIBC decreased their price target on Ensign Energy Services from C$9.00 to C$8.00 in a research report on Friday, October 20th. Raymond James Financial cut Ensign Energy Services from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$9.00 to C$7.20 in a research report on Tuesday, August 22nd. Citigroup decreased their price target on Ensign Energy Services from C$8.00 to C$7.00 in a research report on Friday, November 17th. Finally, TD Securities cut Ensign Energy Services from a “buy” rating to a “hold” rating and set a C$7.50 price target on the stock. in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Ensign Energy Services has a consensus rating of “Hold” and an average price target of C$8.40.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 20th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend is Tuesday, December 19th. Ensign Energy Services’s dividend payout ratio is presently -51.06%.

In other Ensign Energy Services news, Director Gail Donelda Surkan sold 33,000 shares of Ensign Energy Services stock in a transaction dated Monday, October 16th. The stock was sold at an average price of C$6.59, for a total value of C$217,470.00.

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Ensign Energy Services Company Profile

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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