Ensign Energy Services (TSE:ESI) Reaches New 1-Year High on Analyst Upgrade

Ensign Energy Services Inc. (TSE:ESI) reached a new 52-week high on Monday after TD raised their price target on the stock from C$3.50 to C$3.75. TD currently has a hold rating on the stock. Ensign Energy Services traded as high as C$4.10 and last traded at C$4.09, with a volume of 211778 shares. The stock had previously closed at C$3.84.

Separately, Royal Bank Of Canada lifted their price objective on shares of Ensign Energy Services from C$3.50 to C$4.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$3.40.

Ensign Energy Services Stock Performance

The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 75.31. The stock has a market capitalization of C$738.81 million, a PE ratio of -19.10, a PEG ratio of 202.94 and a beta of 1.28. The firm’s 50-day simple moving average is C$3.61 and its two-hundred day simple moving average is C$3.08.

Ensign Energy Services (TSE:ESI) last issued its earnings results on Thursday, May 7th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$418.03 million for the quarter. Ensign Energy Services had a negative net margin of 3.31% and a negative return on equity of 4.13%. On average, equities research analysts expect that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current fiscal year.

Ensign Energy Services Company Profile

Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs. The automated drilling rigs are built for improved safety and a reduced environmental footprint. Most of the company’s revenue is derived from the United States and Canada.