16:40:21 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Ensign Energy Services Inc
Symbol ESI
Shares Issued 184,366,730
Close 2024-03-05 C$ 2.41
Market Cap C$ 444,323,819
Recent Sedar Documents

Globe says Mackey keeps Ensign Energy at "outperform"

2024-03-05 08:37 ET - In the News

The Globe and Mail reports in its Tuesday, March 5, edition that RBC Capital analyst Keith Mackey has reaffirmed his "outperform" recommendation for Ensign Energy Services. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mackey gave his share target a 25-cent boost to $4. Analysts on average target the shares at $3.71. Mr. Mackey says in a note: "Ensign's 4Q23 adjusted EBITDA was 7 per cent ahead of consensus. ... On the conference call, Ensign reiterated its focus on debt reduction, which the market may be beginning to appreciate given Friday's strong share price reaction [up 13.4 per cent]. We have modestly raised our FY24/25 EBITDA (up 2 per cent/up 1 per cent) estimates on improved margins." The Globe reported on March 7, 2023, that Mr. Mackey had reaffirmed his "outperform" recommendation for Ensign Energy. The shares could then be had for $3.84. The Globe reported on June 16, 2023, that Stifel analyst Cole Pereira was keeping his "hold" rating on Ensign Energy intact. The shares could then be had for $2.05. The Globe reported on Aug. 9, 2023, that BMO Capital Markets analyst John Gibson had reaffirmed his "outperform" recommendation for Ensign Energy, which could then be had for $2.81.

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