What Will Happen to Ensign Energy Services Inc Next? The Stock Just Increased A Lot

 What Will Happen to Ensign Energy Services Inc Next? The Stock Just Increased A Lot

The stock of Ensign Energy Services Inc (TSE:ESI) is a huge mover today! About 30,143 shares traded hands. Ensign Energy Services Inc (TSE:ESI) has risen 35.90% since March 30, 2016 and is uptrending. It has outperformed by 34.68% the S&P500.
The move comes after 6 months positive chart setup for the $1.19 billion company. It was reported on Nov, 3 by Barchart.com. We have $13.49 PT which if reached, will make TSE:ESI worth $809.20M more.

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. $12 is the highest target while $7.50 is the lowest. The $8.67 average target is 7.97% above today’s ($8.03) stock price. Ensign Energy Services Inc. has been the topic of 21 analyst reports since August 5, 2015 according to StockzIntelligence Inc. TD Securities maintained it with “Hold” rating and $8 target price in Thursday, August 11 report. The rating was downgraded by FirstEnergy Capital on Tuesday, November 10 to “Market Perform”. The rating was upgraded by Altacorp on Wednesday, October 14 to “Outperform”. Scotia Capital maintained Ensign Energy Services Inc (TSE:ESI) on Thursday, August 11 with “Sector Perform” rating.

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 $1.19 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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