Today, an analyst has provided a rating update for the Materials sector company, Ensign Energy Services (TSX: ESI). The company received a Buy rating from Canaccord Genuity’s analyst John Bereznicki.
Bereznicki observed:
“We are retaining our HOLD recommendation and C$6.00 target for Ensign and our BUY recommendation and C$2.00 target for Trinidad.”
According to TipRanks.com, Bereznicki is ranked #926 out of 4847 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ensign Energy Services with a C$6.58 average price target.
Based on Ensign Energy Services’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$36.7 million. In comparison, last year the company had a GAAP net loss of C$33.81 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$5.97.
