Raymond James Reiterates “Outperform” Rating for Ensign Energy Services (ESI)
Ensign Energy Services (TSE:ESI)‘s stock had its “outperform” rating reissued by equities researchers at Raymond James in a note issued to investors on Monday, BayStreet.CA reports. They presently have a C$6.50 target price on the stock. Raymond James’ price objective suggests a potential upside of 11.11% from the company’s previous close.
Other equities analysts have also issued reports about the company. CIBC reduced their price target on Ensign Energy Services from C$8.50 to C$7.00 in a research report on Friday, February 1st. Canaccord Genuity upgraded Ensign Energy Services from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$5.75 to C$7.25 in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Ensign Energy Services currently has a consensus rating of “Hold” and an average price target of C$6.65.
TSE ESI opened at C$5.85 on Monday. The stock has a market capitalization of $892.54 million and a PE ratio of 15.81. Ensign Energy Services has a 1-year low of C$4.14 and a 1-year high of C$7.20. The company has a debt-to-equity ratio of 96.10, a current ratio of 0.77 and a quick ratio of 0.65.
About Ensign Energy Services
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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