Ensign Energy Services Inc. (TSE:ESI) had its price target increased by investment analysts at Raymond James Financial Inc. from C$7.50 to C$8.00 in a note issued to investors on Friday. Raymond James Financial Inc.’s price objective indicates a potential downside of 1.72% from the stock’s current price.
Several other research analysts have also commented on the company. TD Securities reissued a “hold” rating and set a C$8.00 price objective on shares of Ensign Energy Services in a report on Wednesday, August 10th. Scotiabank reissued a “sector perform” rating and set a C$9.00 price objective on shares of Ensign Energy Services in a report on Wednesday, August 10th. FirstEnergy Capital boosted their price objective on Ensign Energy Services from C$9.50 to C$10.00 in a report on Wednesday, August 10th. Canaccord Genuity cut their price objective on Ensign Energy Services from C$8.25 to C$8.00 and set a “hold” rating for the company in a report on Wednesday, August 10th. Finally, BMO Capital Markets boosted their target price on Ensign Energy Services from C$8.00 to C$8.50 and gave the stock a “market perform” rating in a research report on Wednesday, August 10th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Ensign Energy Services currently has a consensus rating of “Hold” and an average target price of C$7.73.
Ensign Energy Services (TSE:ESI) opened at 8.14 on Friday. The company has a 50 day moving average of $7.61 and a 200 day moving average of $7.29. The firm’s market capitalization is $1.24 billion. Ensign Energy Services has a 1-year low of $4.72 and a 1-year high of $9.48.
In related news, insider Robert Harold Geddes sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of C$7.70, for a total transaction of C$192,500.00. Also, Director Thomas Joseph Connors sold 9,802 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$7.75, for a total value of C$75,965.50.
Ensign Energy Services Company Profile
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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