Shares of Ensign Energy Services Inc. (TSE:ESI – Get Rating) have been given a consensus recommendation of "Moderate Buy" by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$5.68.

ESI has been the subject of several recent analyst reports. 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. BMO Capital Markets reiterated a "buy" rating and issued a C$6.00 target price on shares of Ensign Energy Services in a research note on Tuesday, May 10th. TD Securities reduced their target price on shares of Ensign Energy Services from C$6.50 to C$6.00 and set a "speculative buy" rating for the company in a research note on Monday, August 8th. Royal Bank of Canada reduced their target price on shares of Ensign Energy Services from C$6.50 to C$6.00 and set an "outperform" rating for the company in a research note on Monday, August 8th. Finally, Raymond James upped their target price on shares of Ensign Energy Services from C$5.25 to C$6.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 17th.

Ensign Energy Services Stock Performance

Shares of ESI stock opened at C$2.93 on Friday. The firm has a market capitalization of C$549.88 million and a PE ratio of -4.36. The firm has a fifty day simple moving average of C$3.12 and a two-hundred day simple moving average of C$3.51. The company has a current ratio of 1.42, a quick ratio of 1.23 and a debt-to-equity ratio of 115.57. Ensign Energy Services has a 12 month low of C$1.40 and a 12 month high of C$5.00.

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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