Ensign Energy Services (TSE:ESI) Given New C$5.50 Price Target at Canaccord Genuity
Ensign Energy Services (TSE:ESI) had its price target decreased by Canaccord Genuity from C$6.75 to C$5.50 in a research report report published on Friday, BayStreet.CA reports.
Other equities analysts also recently issued research reports about the company. BMO Capital Markets cut their price target on Ensign Energy Services from C$7.00 to C$5.00 in a research note on Wednesday, August 7th. Royal Bank of Canada reiterated an outperform rating and set a C$8.00 price target on shares of Ensign Energy Services in a research note on Wednesday, July 3rd. Evercore ISI cut their price target on Ensign Energy Services from C$8.00 to C$6.00 in a research note on Friday, August 9th. AltaCorp Capital reiterated an outperform rating on shares of Ensign Energy Services in a research note on Thursday, June 20th. Finally, CIBC cut their price target on Ensign Energy Services from C$7.00 to C$6.50 in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of C$6.45.
Shares of ESI opened at C$2.86 on Friday. The company has a debt-to-equity ratio of 108.94, a current ratio of 1.96 and a quick ratio of 1.71. The stock has a 50-day moving average of C$4.04 and a 200-day moving average of C$5.00. The company has a market cap of $457.18 million and a PE ratio of 7.17. Ensign Energy Services has a one year low of C$2.81 and a one year high of C$7.20.
Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and coring and oil sands drilling services to the mining, and oil and natural gas industries.
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