Could Ensign Energy Services Inc Lose Strenght? The Stock Increases A Lot Today

 Could Ensign Energy Services Inc Lose Strenght? The Stock Increases A Lot Today

The stock of Ensign Energy Services Inc (TSE:ESI) is a huge mover today! About 165,386 shares traded hands or 36.39% up from the average. Ensign Energy Services Inc (TSE:ESI) has risen 20.45% since April 27, 2016 and is uptrending. It has outperformed by 14.52% the S&P500.
The move comes after 7 months positive chart setup for the $1.69 billion company. It was reported on Dec, 1 by Barchart.com. We have $10.29 PT which if reached, will make TSE:ESI worth $118.30 million 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 $8.61 average target is -10.50% below today’s ($9.62) stock price. Ensign Energy Services Inc. has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by FirstEnergy Capital to “Market Perform” on Tuesday, November 10. Scotia Capital maintained Ensign Energy Services Inc (TSE:ESI) rating on Thursday, August 11. Scotia Capital has “Sector Perform” rating and $9 price target. The stock has “Hold” rating given by TD Securities on Thursday, August 11. On Wednesday, November 9 the stock rating was maintained by TD Securities with “Hold”. Scotia Capital maintained the stock with “Sector Perform” rating in Wednesday, November 9 report. Altacorp upgraded the stock to “Outperform” rating in Wednesday, October 14 report.

More news for Ensign Energy Services Inc (TSE:ESI) were recently published by: Marketwatch.com, which released: “Ensign Energy Services Inc.” on December 21, 2009. Seekingalpha.com‘s article titled: “Ensign Energy Services: End Of A Dividend Era?” and published on October 17, 2016 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 $1.69 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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