Ensign Energy Services Inc. (TSE:ESI) was upgraded by equities researchers at GMP Securities from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

ESI has been the subject of a number of other research reports. Raymond James Financial Inc. boosted their target price on shares of Ensign Energy Services from C$7.50 to C$8.00 in a research note on Friday, October 7th. CIBC boosted their target price on shares of Ensign Energy Services from C$8.50 to C$8.75 in a research note on Wednesday, July 20th. TD Securities reiterated a “hold” rating and set a C$8.00 target price on shares of Ensign Energy Services in a research note on Wednesday, August 10th. BMO Capital Markets boosted their target price on shares of Ensign Energy Services from C$8.00 to C$8.50 and gave the stock a “market perform” rating in a research note on Wednesday, August 10th. Finally, FirstEnergy Capital boosted their target price on shares of Ensign Energy Services from C$9.50 to C$10.00 in a research note on Wednesday, August 10th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$7.73.

Analyst Recommendations for Ensign Energy Services (TSE:ESI)

Ensign Energy Services (TSE:ESI) traded up 2.62% during trading on Tuesday, hitting $8.63. The company’s stock had a trading volume of 121,034 shares. Ensign Energy Services has a one year low of $4.72 and a one year high of $9.03. The firm’s market cap is $1.31 billion. The company has a 50-day moving average of $7.72 and a 200 day moving average of $7.37.

In other news, Director Thomas Joseph Connors sold 9,802 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$7.75, for a total value of C$75,965.50. Also, insider Robert Harold Geddes sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of C$7.70, for a total transaction of C$192,500.00.

Ensign Energy Services Company Profile

Ensign Energy Services Inc is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. The Company’s oilfield services include drilling and well servicing, oil sands coring, directional services, underbalanced and managed pressure drilling, equipment rentals, wireline services and production testing/fracturing fluid (frac flowback) services.

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