Ensign Energy Services Inc (ESI) Cut to Hold at TD Securities

TD Securities cut shares of Ensign Energy Services Inc (TSE:ESI) from a buy rating to a hold rating in a research note published on Monday. The brokerage currently has C$7.50 price objective on the stock.

ESI has been the topic of a number of other reports. Raymond James Financial, Inc. downgraded shares of Ensign Energy Services from an outperform rating to a market perform rating and lowered their target price for the stock from C$9.00 to C$7.20 in a report on Tuesday, August 22nd. Canaccord Genuity lowered their target price on shares of Ensign Energy Services from C$7.50 to C$7.00 in a report on Wednesday, August 9th. Finally, CIBC boosted their target price on shares of Ensign Energy Services from C$9.00 to C$10.50 in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of C$9.27.

Shares of Ensign Energy Services (TSE ESI) opened at 6.74 on Monday. The company’s market capitalization is $1.06 billion. Ensign Energy Services has a 12-month low of $6.09 and a 12-month high of $10.41. The company’s 50 day moving average is $6.69 and its 200 day moving average is $7.04.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be issued a $0.12 dividend. This is an increase from Ensign Energy Services’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 7.12%. The ex-dividend date is Wednesday, September 20th.

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.

Analyst Recommendations for Ensign Energy Services (TSE:ESI)

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