The Globe and Mail reports in its Wednesday, May 8, edition that RBC Capital analyst Keith Mackey continues to rate Ensign Energy Services "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Mackey lowered his Ensign Energy share target to $3.50 from $4. Analysts on average target the shares at $3.71. Mr. Mackey says in a note: "Ensign's 1Q24 adj. EBITDA was 3 per cent ahead of consensus. Ensign reiterated its focus on debt reduction, and maintained its confidence to repay $200-million of debt in FY24. Ensign trades at a discount to land drilling peers, which largely reflects its tight, but manageable, liquidity position in our view. We decrease our FY24/25 EBITDA (down 9 per cent/down 6 per cent) estimates on weaker U.S. activity outlook and maintain our 'outperform, speculative risk' rating." The Globe reported on Aug. 9 that BMO Capital Markets analyst John Gibson had reaffirmed his "outperform" recommendation for Ensign Energy. It was then worth $2.81. The Globe reported on March 5 that Mr. Mackey had reaffirmed his "outperform" recommendation for Ensign Energy when it could be had for $2.41.