Ensign Energy Services Inc. (OTCMKTS:ESVIF) Given Average Recommendation of “Hold” by Analysts

Shares of Ensign Energy Services Inc. (OTCMKTS:ESVIF) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $1.27.

ESVIF has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of Ensign Energy Services from $1.25 to $1.50 and gave the company a “market perform” rating in a report on Monday, March 8th. CIBC initiated coverage on shares of Ensign Energy Services in a report on Tuesday, January 19th. They set a “neutral” rating on the stock. Royal Bank of Canada upped their price objective on shares of Ensign Energy Services from $1.50 to $1.75 and gave the company a “sector perform” rating in a report on Monday, March 8th. Raymond James upgraded shares of Ensign Energy Services from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 12th. Finally, Stifel Nicolaus upped their price objective on shares of Ensign Energy Services from $1.25 to $1.40 and gave the company a “hold” rating in a report on Tuesday, March 9th.

Shares of OTCMKTS ESVIF traded down $0.02 during trading on Wednesday, hitting $0.88. 35,869 shares of the company traded hands, compared to its average volume of 17,009. The business’s fifty day moving average is $1.02 and its 200 day moving average is $0.77. Ensign Energy Services has a fifty-two week low of $0.32 and a fifty-two week high of $1.25.

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 other services.

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Analyst Recommendations for Ensign Energy Services (OTCMKTS:ESVIF)

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