Ensign Energy Services Inc (OTCMKTS:ESVIF) Receives $0.79 Average Price Target from Brokerages

Share on StockTwits

Shares of Ensign Energy Services Inc (OTCMKTS:ESVIF) have received an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $0.79.

ESVIF has been the topic of several research analyst reports. TD Securities reduced their target price on Ensign Energy Services from $1.20 to $1.00 and set a “hold” rating on the stock in a research note on Tuesday, August 11th. Canaccord Genuity reduced their target price on Ensign Energy Services from $1.10 to $0.70 and set a “hold” rating on the stock in a research note on Monday, July 20th. BMO Capital Markets decreased their price objective on Ensign Energy Services from $0.75 to $0.65 and set a “market perform” rating for the company in a report on Tuesday, May 12th. Royal Bank of Canada increased their price objective on Ensign Energy Services from $0.60 to $0.80 and gave the stock a “sector perform” rating in a report on Monday, July 20th. Finally, Raymond James downgraded Ensign Energy Services from a “market perform” rating to an “underperform” rating in a report on Thursday, June 11th.

Shares of ESVIF traded down $0.01 during trading hours on Tuesday, reaching $0.50. 8,200 shares of the company’s stock traded hands, compared to its average volume of 42,220. Ensign Energy Services has a 12 month low of $0.16 and a 12 month high of $3.08. The firm’s 50 day simple moving average is $0.53 and its 200-day simple moving average is $0.67.

About Ensign Energy Services

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the oil and natural gas industry in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and coring and oil sands drilling services to the mining, and oil and natural gas industries.

Featured Article: How to Invest in an Index Fund

Analyst Recommendations for Ensign Energy Services (OTCMKTS:ESVIF)

Receive News & Ratings for Ensign Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensign Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply