Ensign Energy Services (TSE:ESI – Get Free Report) had its price target decreased by investment analysts at TD Securities from C$3.50 to C$3.25 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 27.45% from the stock’s current price.
Separately, BMO Capital Markets cut their target price on Ensign Energy Services from C$3.50 to C$3.25 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.58.
View Our Latest Report on Ensign Energy Services
Ensign Energy Services Price Performance
Ensign Energy Services (TSE:ESI – Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02. Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. The firm had revenue of C$391.79 million for the quarter, compared to analysts’ expectations of C$387.80 million.
Insider Buying and Selling
In other Ensign Energy Services news, Senior Officer Michael Gray purchased 15,000 shares of Ensign Energy Services stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of C$2.24 per share, with a total value of C$33,630.00. 44.90% of the stock is owned by company insiders.
About Ensign Energy Services
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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