Ensign Energy Services (TSE:ESI) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Ensign Energy Services (TSE:ESI) from a hold rating to an outperform rating in a research note released on Monday, MarketBeat Ratings reports. The brokerage currently has C$6.00 price target on the stock, up from their prior price target of C$4.00.

Several other analysts have also commented on ESI. TD Securities raised Ensign Energy Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. TD raised Ensign Energy Services from a “hold” rating to a “buy” rating and boosted their price target for the company from C$3.50 to C$4.75 in a report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$4.94.

Ensign Energy Services Stock Performance

TSE ESI opened at C$4.32 on Monday. The stock has a 50-day simple moving average of C$3.88 and a two-hundred day simple moving average of C$3.70. The firm has a market capitalization of C$796.30 million, a P/E ratio of -19.64, a PEG ratio of 202.94 and a beta of 1.41. Ensign Energy Services has a fifty-two week low of C$2.30 and a fifty-two week high of C$4.97. The company has a debt-to-equity ratio of 73.88, a quick ratio of 1.30 and a current ratio of 1.24.

Ensign Energy Services (TSE:ESI) last issued its quarterly earnings data on Friday, November 6th. The company reported C$0.06 earnings per share (EPS) for the quarter. Ensign Energy Services had a negative return on equity of 3.11% and a negative net margin of 2.45%. The business had revenue of C$481.71 million during the quarter. On average, equities analysts forecast that Ensign Energy Services will post 0.29 earnings per share for the current year.

Ensign Energy Services Company Profile

Ensign is a global leader in oilfield services, headquartered out of Calgary, Alberta, operating in Canada, the United States and internationally. We are one of the world’s top land-based drilling and well servicing contractors serving crude oil, natural gas, and geothermal operators. Our premium services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment and well servicing. Please visit our website at www.ensignenergy.com.