Ensign Energy Services (TSE:ESI) Downgraded by BMO Capital Markets to “Market Perform”

Ensign Energy Services (TSE:ESI) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Monday,BayStreet.CA reports. They currently have a C$3.50 target price on the stock. BMO Capital Markets’ target price points to a potential upside of 41.13% from the company’s previous close.

ESI has been the topic of a number of other research reports. Royal Bank Of Canada cut shares of Ensign Energy Services from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$2.50 to C$3.00 in a research note on Thursday, October 9th. Atb Cap Markets upgraded Ensign Energy Services to a “hold” rating in a research report on Thursday, October 30th. Finally, CIBC increased their price objective on shares of Ensign Energy Services from C$2.50 to C$2.75 in a report on Wednesday, October 15th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$2.88.

Ensign Energy Services Stock Performance

Shares of ESI stock traded down C$0.17 during trading hours on Monday, reaching C$2.48. 279,334 shares of the company traded hands, compared to its average volume of 171,286. The firm has a 50-day moving average price of C$2.56 and a 200 day moving average price of C$2.37. The company has a market cap of C$454.50 million, a P/E ratio of -9.92, a P/E/G ratio of 202.94 and a beta of 1.57. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.98 and a quick ratio of 1.30. Ensign Energy Services has a 12-month low of C$1.73 and a 12-month high of C$3.52.

Ensign Energy Services (TSE:ESI) last released its earnings results on Friday, November 7th. The company reported C($0.02) EPS for the quarter. Ensign Energy Services had a return on equity of 2.37% and a net margin of 1.86%.The firm had revenue of C$411.16 million for the quarter. As a group, sell-side analysts predict that Ensign Energy Services will post 0.2901354 earnings per share for the current fiscal year.

Ensign Energy Services Company Profile

Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs.