Ensign Energy Services (TSE:ESI) had its price target decreased by Canaccord Genuity from C$7.25 to C$6.75 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other research firms also recently issued reports on ESI. TD Securities lifted their price target on Ensign Energy Services from C$7.50 to C$8.50 and gave the company a buy rating in a research note on Tuesday, April 9th. AltaCorp Capital reiterated a sector perform rating on shares of STEP Energy Services in a research note on Thursday, June 20th. BMO Capital Markets set a C$18.00 price target on SSR Mining and gave the company an outperform rating in a research note on Saturday, April 13th. Royal Bank of Canada set a $184.00 price target on Jazz Pharmaceuticals and gave the company a buy rating in a research note on Wednesday, July 3rd. Finally, Raymond James reiterated a sell rating on shares of Inter Pipeline in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and an average target price of C$6.77.

Shares of ESI opened at C$4.56 on Tuesday. The company has a debt-to-equity ratio of 108.94, a quick ratio of 1.71 and a current ratio of 1.96. The company has a 50-day moving average price of C$4.77. The firm has a market cap of $700.15 million and a P/E ratio of 11.43. Ensign Energy Services has a one year low of C$3.99 and a one year high of C$7.20.

Ensign Energy Services (TSE:ESI) last issued its earnings results on Monday, May 13th. The company reported C($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.29) by C$0.20. The firm had revenue of C$445.26 million during the quarter, compared to analyst estimates of C$429.90 million. Equities research analysts predict that Ensign Energy Services will post -0.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, July 5th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, June 20th. This represents a $0.48 dividend on an annualized basis and a yield of 10.53%. Ensign Energy Services’s dividend payout ratio (DPR) is currently 120.30%.

About Ensign Energy Services

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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