Analyst Provides Guidance for This Canadian Energy Stock


A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Andrew Bradford from Raymond James reiterated a Buy rating on Ensign Energy Services (ESI), with a C$6.50 price target.

According to TipRanks.com, Bradford is ranked #4912 out of 5218 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ensign Energy Services with a C$6.31 average price target.

Based on Ensign Energy Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$32.79 million. In comparison, last year the company had a net profit of C$46.49 million.

Ensign Energy Services, Inc. engages in the provision of oilfield services. It offers land-based drilling services and well servicing contracts to crude oil, natural gas, and geothermal operators. The firm operates through the following geographical segments: Canada, United States, and International.

The company’s shares closed on Monday at C$5.45.

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