Ensign Energy Services (TSE:ESI) announced a quarterly dividend on Thursday, March 22nd, TickerTech reports. Shareholders of record on Thursday, April 5th will be paid a dividend of 0.12 per share on Thursday, April 5th. This represents a $0.48 annualized dividend and a dividend yield of 8.47%. The ex-dividend date of this dividend is Thursday, March 22nd.
Shares of Ensign Energy Services stock traded down C$0.20 on Friday, hitting C$5.67. 176,435 shares of the company’s stock traded hands, compared to its average volume of 363,063. Ensign Energy Services has a one year low of C$5.56 and a one year high of C$8.26.
Ensign Energy Services (TSE:ESI) last issued its earnings results on Monday, March 5th. The company reported C($0.40) EPS for the quarter, missing the consensus estimate of C($0.19) by C($0.21). Ensign Energy Services had a negative net margin of 14.78% and a negative return on equity of 8.73%. The business had revenue of C$270.01 million for the quarter, compared to the consensus estimate of C$259.50 million.
In other news, insider Michael Gray bought 5,232 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were bought at an average cost of C$7.45 per share, with a total value of C$38,978.40. Also, Director James Brian Howe sold 7,600 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of C$5.75, for a total transaction of C$43,700.00.
Several equities analysts have recently issued reports on the stock. CIBC boosted their price target on shares of Ensign Energy Services from C$8.00 to C$9.00 in a report on Tuesday, January 23rd. Canaccord Genuity reduced their target price on shares of Ensign Energy Services from C$7.75 to C$7.50 in a research note on Tuesday, February 6th. GMP Securities upped their target price on shares of Ensign Energy Services from C$7.50 to C$8.00 in a research note on Thursday, January 18th. BMO Capital Markets reduced their target price on shares of Ensign Energy Services from C$8.50 to C$7.50 in a research note on Tuesday, March 6th. Finally, Raymond James Financial reduced their target price on shares of Ensign Energy Services from C$7.20 to C$6.50 and set a “market perform” rating for the company in a research note on Friday, March 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of C$8.22.
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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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