Shares of Ensign Energy Services Inc (TSE:ESI) have been given an average recommendation of “Buy” by the twelve ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$9.50.
A number of research firms have recently weighed in on ESI. 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. CIBC cut their price objective on shares of Ensign Energy Services from C$12.50 to C$10.50 in a research note on Tuesday, May 9th. BMO Capital Markets increased their price objective on shares of Ensign Energy Services from C$8.50 to C$10.00 in a research note on Tuesday, May 9th. Finally, Scotiabank lowered shares of Ensign Energy Services from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from C$9.50 to C$8.50 in a research note on Tuesday, May 9th.
In other news, Director Thomas Joseph Connors purchased 18,500 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average price of C$6.70 per share, for a total transaction of C$123,950.00.
Shares of Ensign Energy Services (TSE ESI) traded up 2.62% on Friday, hitting $6.65. 160,598 shares of the stock traded hands. Ensign Energy Services has a one year low of $6.20 and a one year high of $10.40. The company’s market cap is $1.04 billion. The stock has a 50 day moving average of $6.65 and a 200 day moving average of $7.43.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.22%. The ex-dividend date of this dividend is Wednesday, September 20th. This is a positive change from Ensign Energy Services’s previous quarterly dividend of $0.10.
Ensign Energy Services Company Profile
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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