Ensign Energy Services Inc (ESI) Receives C$9.02 Consensus Target Price from Analysts
Ensign Energy Services Inc (TSE:ESI) has received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$9.02.
ESI has been the subject of several research reports. Canaccord Genuity lowered their price objective on shares of Ensign Energy Services from C$7.50 to C$7.00 in a research note on Thursday, August 17th. CIBC boosted their price objective on shares of Ensign Energy Services from C$9.00 to C$10.50 in a research note on Thursday, July 20th. TD Securities cut shares of Ensign Energy Services from a “buy” rating to a “hold” rating and set a C$7.50 price objective for the company. in a research note on Monday, October 2nd. Raymond James Financial, Inc. cut shares of 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, Royal Bank Of Canada boosted their price objective on shares of Ensign Energy Services from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Friday, October 6th.
In related news, Director Gail Donelda Surkan sold 33,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of C$6.59, for a total transaction of C$217,470.00.
Ensign Energy Services (TSE ESI) traded up C$0.14 on Wednesday, reaching C$6.87. 22,691 shares of the company traded hands.
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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