The Globe and Mail reports in its Wednesday, Aug. 9, edition that BMO Capital Markets analyst John Gibson has reaffirmed his "outperform" recommendation for Ensign Energy Services. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gibson raised his share target for Ensign Energy by $1.50 to $4.50. Analysts on average target the shares at $4.54. Mr. Gibson says in a note: "Ensign Energy Services' Q2/23 results were strong in context of recent U.S. rig count declines and forest fire/weather impacts in Canada. We expect a debt refinancing should be announced in the next few months, while Ensign's free cash flow profile remains strong. We see leverage moving sub-two times by year-end 2024 (less than three times currently), and expect further debt repayment should act as a positive catalyst for the story." The Globe reported on May 26 that Raymond James analyst Andrew Bradford had elevated his recommendation for Ensign Energy to "outperform" from "market perform." The shares could then be had for $2.18. The Globe reported on June 16 that Stifel analyst Cole Pereira was keeping his "hold" rating on Ensign Energy intact. The shares could then be had for $2.05.