TD Securities Upgrades Ensign Energy Services (TSE:ESI) to Strong-Buy

Ensign Energy Services (TSE:ESI) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report released on Tuesday, Zacks reports.

Separately, TD upgraded Ensign Energy Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$3.50 to C$4.75 in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$4.31.

Ensign Energy Services Stock Performance

Shares of ESI opened at C$4.22 on Tuesday. The company has a market capitalization of C$777.86 million, a PE ratio of -19.18, a price-to-earnings-growth ratio of 202.94 and a beta of 1.58. The company has a debt-to-equity ratio of 73.88, a current ratio of 1.24 and a quick ratio of 1.30. Ensign Energy Services has a one year low of C$2.30 and a one year high of C$4.97. The company’s fifty day moving average price is C$3.69 and its 200 day moving average price is C$3.71.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings results on Friday, August 7th. The company reported C($0.07) earnings per share (EPS) for the quarter. The firm had revenue of C$397.33 million for the quarter. Ensign Energy Services had a negative net margin of 2.45% and a negative return on equity of 3.11%. As a group, analysts expect that Ensign Energy Services will post 0.29 earnings per share for the current year.

About Ensign Energy Services

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.