Ensign Energy Services Upgraded to Buy at TD

MT Newswires Live10-20 20:02

Ensign Energy Services (ESI.TO) was upgraded to buy from hold at TD Securities on Tuesday.

Analyst Aaron MacNeil raised his price target on shares of the Canadian oilfield services company to CA$4.75 from CA$3.50.

"We expect Canadian activity to have improved meaningfully through the summer," he said. "In the US, we expect the acquired Citadel rigs and incremental rig additions to support a stronger exit rate, and day rates to move higher on contract rollovers as high-spec rig availability tightens."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment