ATB Capital Lowers Ensign Energy Services (TSE:ESI) Price Target to C$3.00

Ensign Energy Services (TSE:ESI) had its price objective dropped by investment analysts at ATB Capital from C$3.25 to C$3.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Capital’s price target indicates a potential upside of 25.00% from the stock’s current price.

Other research analysts have also issued research reports about the company. Atb Cap Markets upgraded Ensign Energy Services to a “hold” rating in a report on Thursday, October 30th. Royal Bank Of Canada downgraded shares of Ensign Energy Services from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$2.50 to C$3.00 in a research note on Thursday, October 9th. BMO Capital Markets lowered shares of Ensign Energy Services from an “outperform” rating to a “hold” rating and set a C$3.50 target price on the stock. in a report on Monday. Finally, CIBC raised their price target on shares of Ensign Energy Services from C$2.50 to C$2.75 in a report on Wednesday, October 15th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$2.90.

Ensign Energy Services Price Performance

TSE ESI traded up C$0.02 during trading hours on Friday, hitting C$2.40. 44,921 shares of the company’s stock traded hands, compared to its average volume of 170,899. The company has a market capitalization of C$439.84 million, a PE ratio of -9.60, a PEG ratio of 202.94 and a beta of 1.57. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.98 and a quick ratio of 1.30. Ensign Energy Services has a 52-week low of C$1.73 and a 52-week high of C$3.52. The firm’s 50-day moving average is C$2.55 and its 200-day moving average is C$2.38.

Ensign Energy Services (TSE:ESI) last issued its earnings results on Friday, November 7th. The company reported C($0.02) earnings per share for the quarter. Ensign Energy Services had a return on equity of 2.37% and a net margin of 1.86%.The company had revenue of C$411.16 million for the quarter. Equities analysts forecast that Ensign Energy Services will post 0.2901354 EPS for the current fiscal year.

Ensign Energy Services Company Profile

Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs. The automated drilling rigs are built for improved safety and a reduced environmental footprint. Most of the company’s revenue is derived from the United States and Canada.