Scotiabank downgraded shares of Ensign Energy Services Inc (TSE:ESI) from a sector perform rating to an underperform rating in a research report sent to investors on Tuesday, May 9th. They currently have C$8.50 target price on the stock, down from their prior target price of C$9.50.
A number of other brokerages also recently weighed in on ESI. BMO Capital Markets dropped their target price on Ensign Energy Services from C$10.00 to C$9.00 in a report on Tuesday, January 10th. Canaccord Genuity upped their target price on Ensign Energy Services from C$10.00 to C$10.50 in a report on Tuesday, January 10th. AltaCorp Capital upgraded Ensign Energy Services from a sector perform rating to an outperform rating in a report on Monday, January 9th. CIBC dropped their target price on Ensign Energy Services from C$12.50 to C$9.25 in a report on Wednesday, January 25th. Finally, Raymond James Financial, Inc. reiterated a market perform rating and issued a C$9.45 target price on shares of Ensign Energy Services in a report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of C$9.86.
Ensign Energy Services (TSE:ESI) traded down 3.43% during midday trading on Tuesday, reaching $6.75. 134,681 shares of the company were exchanged. Ensign Energy Services has a 52-week low of $6.27 and a 52-week high of $10.41. The stock’s market capitalization is $1.05 billion. The firm’s 50-day moving average price is $7.40 and its 200 day moving average price is $8.35.
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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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