The Materials sector company, Ensign Energy Services (ESI), has received a rating update from a Wall Street analyst today. The company received a Hold rating from GMP FirstEnergy’s analyst Ian Gillies, with a C$5.50 price target.
According to TipRanks.com, Gillies is ranked 0 out of 5 stars with an average return of -11.1% and a 30.6% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Inter Pipeline Ltd.
Ensign Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of C$7.21.
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 Tuesday at C$4.96.
