What’s Ahead for Ensign Energy Services Inc After Today’s Huge Decline?

 What's Ahead for Ensign Energy Services Inc After Today's Huge Decline?

The stock of Ensign Energy Services Inc (TSE:ESI) is a huge mover today! About 62,563 shares traded hands. Ensign Energy Services Inc (TSE:ESI) has risen 38.62% since March 24, 2016 and is uptrending. It has outperformed by 35.14% the S&P500.
The move comes after 9 months negative chart setup for the $1.24B company. It was reported on Oct, 31 by Barchart.com. We have $7.51 PT which if reached, will make TSE:ESI worth $86.80 million less.

Ensign Energy Services Inc (TSE:ESI) Ratings Coverage

Out of 6 analysts covering Ensign Energy Services Inc. (TSE:ESI), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Ensign Energy Services Inc. has been the topic of 21 analyst reports since August 5, 2015 according to StockzIntelligence Inc. FirstEnergy Capital downgraded the stock to “Market Perform” rating in Tuesday, November 10 report. The firm has “Sector Perform” rating given on Thursday, August 11 by Scotia Capital. The stock of Ensign Energy Services Inc (TSE:ESI) earned “Outperform” rating by Altacorp on Wednesday, October 14. The stock of Ensign Energy Services Inc (TSE:ESI) has “Hold” rating given on Thursday, August 11 by TD Securities.

More news for Ensign Energy Services Inc (TSE:ESI) were recently published by: Seekingalpha.com, which released: “Ensign Energy Services: End Of A Dividend Era?” on October 17, 2016. Marketwatch.com‘s article titled: “Ensign Energy Services Inc.” and published on December 21, 2009 is yet another important article.

Ensign Energy Services Inc. is a Canada firm engaged in the business of providing oilfield services to the gas and oil industry in Canada, the United States and internationally. The company has a market cap of $1.24 billion. 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 services. It currently has negative earnings. The Company’s Canadian activities span over four western provinces of British Columbia, Alberta, Saskatchewan and Manitoba and include the Northwest Territories and the Yukon.

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