Ensign Energy Services Inc. (TSE:ESI) has been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$8.40.
Several brokerages have recently commented on ESI. Royal Bank Of Canada lifted their target price on Ensign Energy Services from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. TD Securities lowered Ensign Energy Services from a “buy” rating to a “hold” rating and set a C$7.50 price objective for the company. in a research report on Monday, October 2nd. Raymond James Financial, Inc. lowered Ensign Energy Services from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$9.00 to C$7.20 in a research report on Tuesday, August 22nd. Canaccord Genuity reduced their price objective on Ensign Energy Services from C$7.50 to C$7.25 in a research report on Tuesday, November 7th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$8.50 price objective on shares of Ensign Energy Services in a research report on Tuesday, November 7th.
In other Ensign Energy Services news, Director Gail Donelda Surkan purchased 33,000 shares of Ensign Energy Services stock in a transaction on Monday, November 20th. The stock was bought at an average price of C$6.03 per share, for a total transaction of C$198,990.00.
Shares of Ensign Energy Services (ESI) traded down C$0.09 on Friday, hitting C$6.18. The stock had a trading volume of 54,176 shares, compared to its average volume of 124,634. Ensign Energy Services has a one year low of C$5.95 and a one year high of C$10.40.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 20th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.48 dividend on an annualized basis and a yield of 7.77%. Ensign Energy Services’s dividend payout ratio is currently -51.06%.
Ensign Energy Services Company Profile
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.
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