Ensign Energy Services (ESI) Stock Forecast & Price Target

C$2.47

+0.02 (+0.82%)

(As of 07/26/2024 ET)

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Ensign Energy Services - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for Ensign Energy Services in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, and 3 have given a buy rating for ESI.

Consensus Price Target

C$3.70
49.80% Upside

High Forecast	C$5.00
Average Forecast	C$3.70
Low Forecast	C$2.75

According to the 5 analysts' twelve-month price targets for Ensign Energy Services, the average price target is C$3.70. The highest price target for ESI is C$5.00, while the lowest price target for ESI is C$2.75. The average price target represents a forecasted upside of 49.80% from the current price of C$2.47.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$3.70	C$3.70	C$4.18	C$4.37
Forecasted Upside	49.80% Upside	56.38% Upside	81.23% Upside	88.31% Upside

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ESI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ESI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ensign Energy Services Stock vs. The Competition

Type	Ensign Energy Services	Energy Companies
Consensus Rating Score	2.60	2.72
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/7/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Outperform	C$4.00 ➝ C$3.50	+48.30%
4/22/2024	CIBC 3 of 5 stars		Boost Target	Neutral	C$3.25 ➝ C$3.75	+59.57%
3/4/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Hold	C$2.50 ➝ C$2.75	+12.70%
3/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$3.00 ➝ C$3.50	+43.44%
12/22/2023	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$7.00 ➝ C$5.00	+123.21%
5/25/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	C$6.25 ➝ C$4.75	+123.00%
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5/9/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$6.00 ➝ C$5.50	+161.90%
3/29/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$4.50 ➝ C$3.70	+20.91%
11/7/2022	Stifel Firstegy Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Pereira Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:10 PM ET.

ESI Forecast - Frequently Asked Questions

What is Ensign Energy Services' forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Ensign Energy Services is C$3.70, with a high forecast of C$5.00 and a low forecast of C$2.75.
Should I buy or sell Ensign Energy Services stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ensign Energy Services in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ESI shares.
Does Ensign Energy Services's stock price have much upside?: According to analysts, Ensign Energy Services's stock has a predicted upside of 56.38% based on their 12-month stock forecasts.
What analysts cover Ensign Energy Services?: Ensign Energy Services has been rated by research analysts at Royal Bank of Canada in the past 90 days.
Do Wall Street analysts like Ensign Energy Services more than its competitors?: Analysts like Ensign Energy Services less than other "energy" companies. The consensus rating score for Ensign Energy Services is 2.60 while the average consensus rating score for "energy" companies is 2.72. Learn more on how ESI compares to other companies.