Ensign Energy Services (TSE:ESI) Upgraded at TD

Ensign Energy Services (TSE:ESI) was upgraded by analysts at TD from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a C$4.75 target price on the stock, up from their previous target price of C$3.50. TD’s price target points to a potential upside of 14.46% from the stock’s previous close.

Ensign Energy Services Stock Performance

ESI traded up C$0.19 on Tuesday, hitting C$4.15. The company had a trading volume of 766,033 shares, compared to its average volume of 290,801. The company’s fifty day moving average price is C$3.68 and its 200 day moving average price is C$3.70. Ensign Energy Services has a 1-year low of C$2.30 and a 1-year high of C$4.97. The company has a debt-to-equity ratio of 73.88, a current ratio of 1.24 and a quick ratio of 1.30. The stock has a market cap of C$764.96 million, a price-to-earnings ratio of -18.86, a price-to-earnings-growth ratio of 202.94 and a beta of 1.58.

Ensign Energy Services (TSE:ESI) last announced its earnings results on Friday, August 7th. The company reported C($0.07) earnings per share (EPS) for the quarter. Ensign Energy Services had a negative return on equity of 3.11% and a negative net margin of 2.45%. The company had revenue of C$397.33 million for the quarter. Equities analysts predict that Ensign Energy Services will post 0.29 earnings per share for the current fiscal 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.