Ensign Energy Services Inc. (TSE:ESI)‘s stock had its “hold” rating reiterated by equities researchers at TD Securities in a research report issued on Wednesday. They presently have a C$7.50 target price on the stock. TD Securities’ target price indicates a potential downside of 3.85% from the company’s previous close.

A number of other analysts have also commented on ESI. BMO Capital Markets upped their price objective on shares of Ensign Energy Services from C$8.00 to C$8.50 and gave the company a “market perform” rating in a research note on Wednesday, August 10th. Canaccord Genuity reduced their price objective on shares of Ensign Energy Services from C$8.25 to C$8.00 and set a “hold” rating for the company in a research note on Wednesday, August 10th. FirstEnergy Capital upped their price objective on shares of Ensign Energy Services from C$9.50 to C$10.00 in a research note on Wednesday, August 10th. GMP Securities raised shares of Ensign Energy Services from a “hold” rating to a “buy” rating in a research note on Tuesday, October 18th. Finally, CIBC upped their price objective on shares of Ensign Energy Services from C$8.50 to C$8.75 in a research note on Wednesday, July 20th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$7.73.

Analyst Recommendations for Ensign Energy Services (TSE:ESI)

Shares of Ensign Energy Services (TSE:ESI) opened at 7.80 on Wednesday. The firm’s 50-day moving average is $8.04 and its 200 day moving average is $7.52. The stock’s market capitalization is $1.19 billion. Ensign Energy Services has a 1-year low of $4.72 and a 1-year high of $9.11.

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

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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