Canadian Energy Company Revisited by Scotiabank Analyst


In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Ensign Energy Services (TSX: ESI). The company received a Hold rating from Scotiabank’s analyst Vladislav Vlad, with a C$7.50 price target.

Vlad has an average return of 11.6% when recommending Ensign Energy Services.

According to TipRanks.com, Vlad is ranked #1474 out of 4850 analysts.

Read also: Crude Oil: Sell Now, Buy Later

Currently, the analyst consensus on Ensign Energy Services is a Hold with an average price target of C$6.67, implying a 16.2% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a C$6 price target.

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The company has a one-year high of C$7.83 and a one-year low of C$5.29. Currently, Ensign Energy Services has an average volume of 190.2K.

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 Wednesday at C$5.74.

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