Ensign Energy Services Inc (ESI) Downgraded to “Hold” at TD Securities
TD Securities downgraded shares of Ensign Energy Services Inc (TSE:ESI) from a buy rating to a hold rating in a research note published on Monday morning. The brokerage currently has C$7.50 price target on the stock.
ESI has been the subject of several other research reports. Canaccord Genuity decreased their price objective on Ensign Energy Services from C$7.50 to C$7.00 in a report on Thursday, August 17th. Raymond James Financial, Inc. cut Ensign Energy Services from an outperform rating to a market perform rating and lowered their price objective for the company from C$9.00 to C$7.20 in a research note on Tuesday, August 22nd. Finally, CIBC upped their price objective on shares of Ensign Energy Services from C$9.00 to C$10.50 in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of C$9.27.
Shares of Ensign Energy Services (TSE ESI) opened at 6.73 on Monday. The firm’s market cap is $1.05 billion. The stock’s 50 day moving average is $6.68 and its 200-day moving average is $7.05. Ensign Energy Services has a 1-year low of $6.09 and a 1-year high of $10.41.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.13%. This is a positive change from Ensign Energy Services’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, September 20th.
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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