Ensign Energy Services (TSE:ESI) PT Lowered to C$6.50 at CIBC

Ensign Energy Services (TSE:ESI) had its target price trimmed by CIBC from C$7.00 to C$6.50 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

ESI has been the topic of several other research reports. BMO Capital Markets set a C$18.00 price target on SSR Mining and gave the stock an outperform rating in a research note on Saturday, April 13th. TD Securities upped their price target on Ensign Energy Services from C$7.50 to C$8.50 and gave the stock a buy rating in a research note on Tuesday, April 9th. Royal Bank of Canada set a $184.00 price target on Jazz Pharmaceuticals and gave the stock a buy rating in a research note on Wednesday, July 3rd. AltaCorp Capital restated a sector perform rating on shares of STEP Energy Services in a research note on Thursday, June 20th. Finally, Raymond James restated a sell rating on shares of Inter Pipeline in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of C$6.73.

ESI stock opened at C$4.31 on Thursday. Ensign Energy Services has a fifty-two week low of C$3.99 and a fifty-two week high of C$7.20. The stock’s 50 day moving average price is C$4.63. The company has a debt-to-equity ratio of 108.94, a current ratio of 1.96 and a quick ratio of 1.71. The stock has a market cap of $676.61 million and a P/E ratio of 10.80.

Ensign Energy Services (TSE:ESI) last posted its earnings results on Monday, May 13th. The company reported C($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.29) by C$0.20. The firm had revenue of C$445.26 million for the quarter, compared to analysts’ expectations of C$429.90 million. Research analysts forecast that Ensign Energy Services will post -0.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, July 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.48 annualized dividend and a dividend yield of 11.14%. Ensign Energy Services’s payout ratio is currently 120.30%.

Ensign Energy Services Company Profile

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services 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 coring and oil sands drilling services to the mining, and oil and natural gas industries.

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Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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