Stock Analysis:Ensign Energy Services Inc (TSE:ESI) Price Target Change
In recent note finalized by RBC Capital Markets on Friday morning, Ensign Energy Services Inc (TSE:ESI) had its PT increased to $9.00. The firm right now has a solid Sector Perform rating on shares.
From a total of 12 analysts covering Ensign Energy Services Inc. (TSE:ESI) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $9.31 while the lowest target price is $5.37. The mean of all analyst targets is $6.94 with a 43.11% above today’s ($6.68) stock price. Ensign Energy Services Inc. was the topic of 10 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. FirstEnergy Capital downgraded shares on November 10 to “Market Perform” rating.
The stock increased 2.77% or $0.18 on December 18, striking $6.68. Approximately 433,904 shares of stock traded hands or 52.54% up from the average. Ensign Energy Services Inc (TSE:ESI) has declined 42.61% since May 18, 2015 and is downtrending. It has underperformed by 38.80% the S&P500.
Analysts await ITT Educational Services, Inc. (NYSE:ESI) to reports earnings on May, 4. They expect $0.10 earnings per share, up 600.00% or $0.12 from last year’s $-0.02 per share. ESI’s profit will be $2.39M for 8.75 P/E if the $0.10 EPS becomes reality. After $0.03 actual earnings per share reported by ITT Educational Services, Inc. for the previous quarter, Wall Street now forecasts 233.33% EPS growth.
The overall sentiment of institutions has decreased to 0.57 in Q2 2015. Its down 0.18, from 0.75 in 2015Q2. The ratio worsened, as 24 institutions have sold all the shares of Ensign Energy Services Inc that they owned while 25 funds have taken shares off the table. 8 funds have purchased shares for the first time while 20 added to their positions. These institutions now hold 16.96 million shares or 0.43% more than the 16.89 million shares they owned in 2015Q2.
The Fund Plymouth Lane Capital Management Llc currently is holding shares equating to 1.54% of its total portfolio in Ensign Energy Services Inc representing a total of 877,394 shares. Another fund,Providence Equity Partners L.L.C., is holding a total of 1.48 million shares equating to 1.24% of their holdings. Additionally, Nantahala Capital Management Llc has a 2.31 million share stake in Ensign Energy Services Inc which represents 1.08% of their total portfolio. The Fund, Prescott Group Capital Management L.L.C., based out of Oklahoma, has also built up a stake in the stock, which represents a total of 0.86% of their total portfolio. Finally Key Colony Management Llc, a fund which is based in the state of Arkansas reported a total holdings of 89,569 shares.
Ensign Energy Services Inc. is a Canada firm engaged in the business of providing oilfield services to the gas and oil industry in Canada, the United States and internationally. The company has a market cap of $1.04 billion. The Company’s oilfield services include drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services and production testing services. It currently has negative earnings. The Company’s Canadian activities span the four western provinces of British Columbia, Alberta, Saskatchewan and Manitoba and include the Northwest Territories and the Yukon.
According to Zacks Investment Research, “ITT Educational Services, Inc. provides accredited, technology-oriented undergraduate and graduate degree programs through its ITT Technical Institutes and Daniel Webster College to help students develop skills and knowledge for pursuing career opportunities in various fields. It owns and operates ITT Technical Institutes and Daniel Webster College which serves students at its campuses and online. It has been actively involved in the higher education community. ITT Educational Services, Inc. is headquartered in Carmel, Indiana.”