Ensign Energy Services (TSE:ESI) Stock Bumped Up to Strong-Buy by TD Securities

TD Securities upgraded shares of Ensign Energy Services (TSE:ESI) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks reports.

Separately, TD upgraded Ensign Energy Services from a “hold” rating to a “buy” rating and boosted their target price for the company from C$3.50 to C$4.75 in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$4.31.

Ensign Energy Services Trading Up 6.6%

TSE:ESI opened at C$4.22 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.30 and a debt-to-equity ratio of 73.88. The stock has a market capitalization of C$777.86 million, a PE ratio of -19.18, a price-to-earnings-growth ratio of 202.94 and a beta of 1.58. The firm’s 50 day moving average is C$3.69 and its 200 day moving average is C$3.71. Ensign Energy Services has a 12 month low of C$2.30 and a 12 month high of C$4.97.

Ensign Energy Services (TSE:ESI) last posted its quarterly earnings data on Friday, August 7th. The company reported C($0.07) EPS for the quarter. Ensign Energy Services had a negative net margin of 2.45% and a negative return on equity of 3.11%. The firm had revenue of C$397.33 million during the quarter. Sell-side analysts expect that Ensign Energy Services will post 0.29 earnings per share for the current year.

About Ensign Energy Services

Ensign is a global leader in oilfield services, headquartered out of Calgary, Alberta, operating in Canada, the United States and internationally. We are one of the world’s top land-based drilling and well servicing contractors serving crude oil, natural gas, and geothermal operators. Our premium services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment and well servicing. Please visit our website at www.ensignenergy.com.