Ensign Energy Services (TSE:ESI) Stock Rating Upgraded by ATB Cormark Capital Markets

Ensign Energy Services (TSE:ESI – Get Free Report) was upgraded by ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a C$5.00 price objective on the stock, up from their prior price objective of C$4.00. ATB Cormark Capital Markets’ price objective indicates a potential upside of 14.94% from the stock’s current price.

Several other equities analysts have also weighed in on ESI. TD increased their price objective on shares of Ensign Energy Services from C$3.50 to C$3.75 and gave the company a “hold” rating in a report on Friday. Royal Bank Of Canada increased their price objective on shares of Ensign Energy Services from C$3.50 to C$4.00 and gave the company a “sector perform” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ensign Energy Services has an average rating of “Hold” and an average price target of C$3.80.

Get Ensign Energy Services alerts:

Check Out Our Latest Analysis on Ensign Energy Services

Ensign Energy Services Price Performance

Shares of ESI stock traded up C$0.24 during trading hours on Tuesday, reaching C$4.35. 865,648 shares of the company were exchanged, compared to its average volume of 317,305. Ensign Energy Services has a fifty-two week low of C$1.85 and a fifty-two week high of C$4.40. The stock’s fifty day moving average is C$3.62 and its two-hundred day moving average is C$3.11. The company has a market cap of C$801.46 million, a price-to-earnings ratio of -20.71, a P/E/G ratio of 202.94 and a beta of 1.28. The company has a debt-to-equity ratio of 75.31, a current ratio of 1.31 and a quick ratio of 1.30.

Ensign Energy Services (TSE:ESI – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($0.06) earnings per share for the quarter. Ensign Energy Services had a negative net margin of 3.31% and a negative return on equity of 4.13%. The business had revenue of C$418.03 million during the quarter. Sell-side analysts forecast that Ensign Energy Services will post 0.2901354 earnings per share for the current fiscal year.

About Ensign Energy Services

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than Ensign Energy Services
• AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
• Axon Surged After Earnings and Is Still Down Over 50% From Highs
• The Event That Could Redefine Apple’s Summer Rally
• Hims & Hers Stock Plunges After Q1 Miss: Is the GLP-1 Pivot Enough to Fuel a Recovery?

Receive News & Ratings for Ensign Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensign Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.