Ensign Energy Services Inc (TSE:ESI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$6.09 and last traded at C$6.13, with a volume of 80850 shares changing hands. The stock had previously closed at C$6.31.
A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity cut their price objective on shares of Ensign Energy Services from C$7.50 to C$7.00 in a research note on Thursday, August 17th. CIBC upped their price objective on shares of Ensign Energy Services from C$9.00 to C$10.50 in a research note on Thursday, July 20th. TD Securities cut shares of Ensign Energy Services from a “buy” rating to a “hold” rating and set a C$7.50 price objective for the company. in a research note on Monday, October 2nd. Royal Bank Of Canada upped their price objective on shares of Ensign Energy Services from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Friday, October 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$8.50 price objective on shares of Ensign Energy Services in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Ensign Energy Services has an average rating of “Hold” and an average target price of C$8.90.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 19th. This represents a $0.48 annualized dividend and a yield of 7.59%. Ensign Energy Services’s payout ratio is currently -51.06%.
In other Ensign Energy Services news, Director Gail Donelda Surkan sold 33,000 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of C$6.59, for a total transaction of C$217,470.00.
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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