Ensign Energy Services Inc (TSE:ESI) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$6.70.
A number of analysts recently weighed in on the stock. BMO Capital Markets set a C$7.00 price target on shares of Ensign Energy Services and gave the company a “market perform” rating in a research report on Saturday. TD Securities increased their price target on shares of Ensign Energy Services from C$7.50 to C$8.50 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Raymond James reiterated an “outperform” rating and issued a C$6.50 price target on shares of Ensign Energy Services in a research report on Monday, April 8th. Canaccord Genuity upgraded shares of Ensign Energy Services from a “hold” rating to a “buy” rating and increased their price target for the company from C$5.75 to C$7.25 in a research report on Wednesday, March 20th. Finally, CIBC cut their price target on shares of Ensign Energy Services from C$8.50 to C$7.00 in a research report on Friday, February 1st.
Shares of TSE:ESI traded down C$0.09 during mid-day trading on Wednesday, reaching C$5.86. The stock had a trading volume of 75,707 shares, compared to its average volume of 253,847. The company has a market capitalization of $923.91 million and a price-to-earnings ratio of 15.86. The company has a debt-to-equity ratio of 96.10, a current ratio of 0.77 and a quick ratio of 0.65. Ensign Energy Services has a twelve month low of C$4.14 and a twelve month high of C$7.20.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.48 annualized dividend and a yield of 8.19%. Ensign Energy Services’s dividend payout ratio (DPR) is currently 129.73%.
In related news, Senior Officer Robert Harold Geddes bought 40,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were purchased at an average cost of C$5.32 per share, for a total transaction of C$212,852.00. Following the acquisition, the insider now owns 728,041 shares of the company’s stock, valued at approximately C$3,874,124.57.
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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