Ensign Energy Services (TSE:ESI) Reaches New 12-Month High – Still a Buy?

Ensign Energy Services Inc. (TSE:ESI) shares hit a new 52-week high on Wednesday . The company traded as high as C$4.97 and last traded at C$4.74, with a volume of 814433 shares. The stock had previously closed at C$4.45.

Analyst Ratings Changes

ESI has been the topic of a number of recent research reports. TD upped their price objective on shares of Ensign Energy Services from C$3.50 to C$3.75 and gave the stock a “hold” rating in a report on Friday, May 8th. ATB Cormark Capital Markets upgraded shares of Ensign Energy Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$4.00 to C$5.00 in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada upped their price objective on shares of Ensign Energy Services from C$3.50 to C$4.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$3.80.

Ensign Energy Services Trading Down 1.3%

The firm has a market cap of C$831.42 million, a PE ratio of -15.55, a PEG ratio of 202.94 and a beta of 1.28. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 75.31. The stock’s fifty day simple moving average is C$3.76 and its two-hundred day simple moving average is C$3.21.

Ensign Energy Services (TSE:ESI) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($0.06) earnings per share for the quarter. The business had revenue of C$418.03 million during the quarter. Ensign Energy Services had a negative return on equity of 4.13% and a negative net margin of 3.31%. On average, sell-side analysts forecast that Ensign Energy Services Inc. will post 0.2901354 EPS for the current fiscal year.

Ensign Energy Services Company Profile

Ensign is a global leader in oilfield services, headquartered out of Calgary, Alberta, operating in Canada, the United States and internationally. We are one of the world’s top land-based drilling and well servicing contractors serving crude oil, natural gas, and geothermal operators. Our premium services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment and well servicing. Please visit our website at www.ensignenergy.com.