Ensign Energy Services Inc (ESI) Receives C$9.27 Consensus Price Target from Brokerages

Shares of Ensign Energy Services Inc (TSE:ESI) have been assigned an average rating of “Hold” from the twelve research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$9.27.

Several analysts have commented on ESI shares. Canaccord Genuity cut their target price on Ensign Energy Services from C$7.50 to C$7.00 in a research note on Thursday, August 17th. CIBC increased their target price on Ensign Energy Services from C$9.00 to C$10.50 in a research note on Thursday, July 20th. TD Securities downgraded Ensign Energy Services from a “buy” rating to a “hold” rating and set a C$7.50 target price on the stock. in a research note on Monday, October 2nd. Raymond James Financial, Inc. downgraded Ensign Energy Services from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$9.00 to C$7.20 in a research note on Tuesday, August 22nd. Finally, Royal Bank Of Canada increased their target price on Ensign Energy Services from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Friday.

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Shares of Ensign Energy Services (TSE:ESI) traded down 0.59% during mid-day trading on Friday, reaching $6.69. The company had a trading volume of 128,112 shares. The company has a 50 day moving average price of $6.71 and a 200 day moving average price of $7.01. Ensign Energy Services has a one year low of $6.09 and a one year high of $10.41. The company’s market capitalization is $1.05 billion.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st were paid a $0.12 dividend. This is an increase from Ensign Energy Services’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date was Wednesday, September 20th.

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Several analysts have commented on ESI shares. Canaccord Genuity cut their target price on Ensign Energy Services from C$7.50 to C$7.00 in a research note on Thursday, August 17th. CIBC increased their target price on Ensign Energy Services from C$9.00 to C$10.50 in a research note on Thursday, July 20th. TD Securities downgraded Ensign Energy Services from a “buy” rating to a “hold” rating and set a C$7.50 target price on the stock. in a research note on Monday, October 2nd. Raymond James Financial, Inc. downgraded Ensign Energy Services from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$9.00 to C$7.20 in a research note on Tuesday, August 22nd. Finally, Royal Bank Of Canada increased their target price on Ensign Energy Services from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Friday.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/10/ensign-energy-services-inc-esi-receives-c9-27-consensus-price-target-from-brokerages.html.

Shares of Ensign Energy Services (TSE:ESI) traded down 0.59% during mid-day trading on Friday, reaching $6.69. The company had a trading volume of 128,112 shares. The company has a 50 day moving average price of $6.71 and a 200 day moving average price of $7.01. Ensign Energy Services has a one year low of $6.09 and a one year high of $10.41. The company’s market capitalization is $1.05 billion.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st were paid a $0.12 dividend. This is an increase from Ensign Energy Services’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date was Wednesday, September 20th.

About Ensign Energy Services

Ensign Energy Services Inc is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. The Company’s oilfield services include drilling and well servicing, oil sands coring, directional services, underbalanced and managed pressure drilling, equipment rentals, wireline services and production testing/fracturing fluid (frac flowback) services.

Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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