Ensign Energy Services Inc. (TSE:ESI – Get Rating) has received a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$5.19.

Several equities analysts recently issued reports on the company. CIBC raised their price target on Ensign Energy Services from C$3.25 to C$4.50 and gave the company a "neutral" rating in a report on Thursday, April 14th. Stifel Nicolaus raised their target price on Ensign Energy Services from C$5.50 to C$5.75 in a report on Tuesday, May 10th. Royal Bank of Canada reduced their target price on Ensign Energy Services from C$6.50 to C$6.00 and set an "outperform" rating on the stock in a report on Monday. BMO Capital Markets restated a "buy" rating and set a C$6.00 target price on shares of Ensign Energy Services in a report on Tuesday, May 10th. Finally, Raymond James raised their target price on Ensign Energy Services from C$5.25 to C$6.00 and gave the stock an "outperform" rating in a report on Tuesday, May 17th.

Ensign Energy Services Price Performance

Ensign Energy Services stock opened at C$3.12 on Tuesday. The business's 50-day simple moving average is C$3.52 and its 200 day simple moving average is C$3.43. The stock has a market cap of C$573.31 million and a price-to-earnings ratio of -4.64. Ensign Energy Services has a 12-month low of C$1.40 and a 12-month high of C$5.00. The company has a quick ratio of 1.30, a current ratio of 1.52 and a debt-to-equity ratio of 118.68.

About Ensign Energy Services

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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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