Ensign Energy Services Inc. (OTCMKTS:ESVIF – Get Rating) has received an average recommendation of "Buy" from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.40.

ESVIF has been the subject of several recent analyst reports. TD Securities boosted their price target on shares of Ensign Energy Services from C$6.00 to C$6.50 in a report on Tuesday, May 10th. Canaccord Genuity Group cut their price target on shares of Ensign Energy Services from C$5.25 to C$3.75 in a research note on Friday, August 19th. Stifel Nicolaus upped their target price on shares of Ensign Energy Services from C$5.50 to C$5.75 in a research note on Tuesday, May 10th. Finally, Royal Bank of Canada increased their price target on shares of Ensign Energy Services from C$6.00 to C$6.50 in a research note on Tuesday, May 10th.

Ensign Energy Services Stock Down 3.2 %

OTCMKTS:ESVIF opened at $2.39 on Monday. The company has a 50 day moving average price of $2.43 and a 200-day moving average price of $2.73. Ensign Energy Services has a 1-year low of $1.12 and a 1-year high of $3.90.

Ensign Energy Services Company Profile

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and services.

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