Ensign Energy Services (TSE:ESI – Free Report) had its target price raised by CIBC from C$3.25 to C$3.75 in a research note published on Monday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also issued reports on ESI. Royal Bank of Canada upped their price target on shares of Ensign Energy Services from C$3.75 to C$4.00 and gave the company an outperform rating in a research note on Monday, March 4th. Stifel Nicolaus upped their target price on Ensign Energy Services from C$2.50 to C$2.75 and gave the company a hold rating in a research report on Monday, March 4th. Finally, BMO Capital Markets raised their target price on Ensign Energy Services from C$3.00 to C$3.50 and gave the stock an outperform rating in a research note on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$4.18.
Read Our Latest Research Report on ESI
Ensign Energy Services Stock Down 0.8 %
Ensign Energy Services (TSE:ESI – Get Free Report) last issued its quarterly earnings results on Friday, March 1st. The company reported C$0.17 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.14. Ensign Energy Services had a return on equity of 3.21% and a net margin of 2.30%. The business had revenue of C$430.54 million during the quarter, compared to the consensus estimate of C$444.50 million. On average, research analysts expect that Ensign Energy Services will post 0.1956027 earnings per share for the current fiscal year.
About Ensign Energy Services
Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries 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 equipment and services.
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