Ensign Energy Services - ESI Stock Forecast, Price & News

Ensign Energy Services Inc., together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries 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 equipment and services. It also provides coring and oil sands drilling services to the mining, and oil and natural gas industries; directional drilling and related services for conventional and horizontal drilling applications; shallow to deep well services, such as completions, abandonments, production workovers, and bottom hole pump changes for oil and natural gas producers; and interactive pressure drilling services with self-contained systems comprising nitrogen generation and compression equipment, and surface control systems. In addition, the company rents drill strings, loaders, tanks, pumps, rig mattings, blow-out preventers, waste bins, and wastewater treatment equipment for the drilling and completions segments of the oilfield industry. Further, the company offers transportation services. As of December 31, 2021, it operated a fleet of 262 land drilling rigs, 21 specialty coring rigs, and 100 well servicing rigs. The company was incorporated in 1987 and is headquartered in Calgary, Canada.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. BMO Capital Markets reaffirmed a "buy" rating and set a C$6.00 price objective on shares of Ensign Energy Services in a report on Tuesday, May 10th. Stifel Nicolaus raised their price target on shares of Ensign Energy Services from C$5.50 to C$5.75 in a research note on Tuesday, May 10th. Royal Bank of Canada decreased their price target on shares of Ensign Energy Services from C$6.50 to C$6.00 and set an "outperform" rating on the stock in a research note on Monday, August 8th. Raymond James raised their price target on shares of Ensign Energy Services from C$5.25 to C$6.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 17th. Finally, TD Securities decreased their price target on shares of Ensign Energy Services from C$6.50 to C$6.00 and set a "speculative buy" rating on the stock in a research note on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Ensign Energy Services presently has an average rating of "Moderate Buy" and an average target price of C$5.19.

Ensign Energy Services Trading Down 3.3 %

Ensign Energy Services stock traded down C$0.10 during midday trading on Friday, hitting C$2.94. 277,218 shares of the stock were exchanged, compared to its average volume of 616,953. Ensign Energy Services has a fifty-two week low of C$1.40 and a fifty-two week high of C$5.00. The stock has a market capitalization of C$551.76 million and a price-to-earnings ratio of -4.38. The stock's 50-day simple moving average is C$3.22 and its 200 day simple moving average is C$3.46. The company has a current ratio of 1.42, a quick ratio of 1.23 and a debt-to-equity ratio of 115.57.