Ensign Energy Services Inc (TSX:ESI)
Shares Issued 163,118,758
Last Close 3/8/2021 $1.50
Tuesday March 09 2021 - In the News
The Globe and Mail reports in its Tuesday, March 9, edition that BMO Nesbitt Burns analyst John Gibson reiterated his "market perform" recommendation for Ensign Energy Services. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gibson boosted his share target by 25 cents to $1.50. Analysts on average target the shares at $1.39.Mr. Gibson says in a note: "Ensign Energy's Q4/20 results were solid in the context of an improving North American oil field backdrop. Commentary on its conference call also indicated the company should see continued rig additions across Canada and the U.S. in H2/21.Leverage still remains above our comfort level, and is the main rationale behind our 'market perform' rating. That said, given our continually improving outlook for the sector we believe now is a good time to consider the name." The Globe reported on July 21 and Nov. 21 that Canaccord Genuity analyst John Bereznicki had reiterated his "hold" call when Ensign Energy shares could be had for 79 cents and 74 cents. The Globe reported on Jan. 20 that CIBC World Markets analyst Jamie Kubik rated Ensign Energy "neutral" in new coverage. The shares could then be had for $1.20.