Ensign Energy Services Inc. (TSE:ESI)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Scotiabank in a research report issued on Wednesday. They currently have a C$9.00 target price on the stock. Scotiabank’s price target indicates a potential upside of 15.38% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity lowered their price objective on shares of Ensign Energy Services from C$8.25 to C$8.00 and set a “hold” rating on the stock in a research note on Wednesday, August 10th. BMO Capital Markets raised their price objective 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. TD Securities restated a “hold” rating and issued a C$8.00 price objective on shares of Ensign Energy Services in a research note on Wednesday, August 10th. CIBC raised their price objective on shares of Ensign Energy Services from C$8.75 to C$9.25 in a research note on Wednesday, October 19th. Finally, Raymond James Financial Inc. raised their price objective on shares of Ensign Energy Services from C$7.50 to C$8.00 in a research note on Friday, October 7th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$7.73.

Analyst Recommendations for Ensign Energy Services (TSE:ESI)

Ensign Energy Services (TSE:ESI) opened at 7.80 on Wednesday. The stock’s 50 day moving average is $8.04 and its 200 day moving average is $7.52. The company’s market cap is $1.19 billion. Ensign Energy Services has a 52-week low of $4.72 and a 52-week high of $9.11.

In related news, insider Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of C$7.70, for a total value of C$192,500.00. Also, Director Thomas Joseph Connors sold 9,802 shares of Ensign Energy Services 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.

About Ensign Energy Services

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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