The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas drilling peer group is "buy."
Wall Street's median 12-month price target for Ensign Energy Services Inc is C$4.00, about 14.3% above its August 6 closing price of C$3.50
Outlook and capital plans
Ensign expects Canadian activity to improve in H2 2026 due to positive market conditions
Company sees U.S. activity improving in H2 2026 after CDL acquisition and favorable market conditions
Ensign targets C$60 mln in debt reduction for 2026; capital expenditures may adjust with industry conditions
Quarterly results and drivers
Canada oilfield services firm's Q2 revenue rose 7% yr/yr on higher operating activity
Q2 adjusted EBITDA increased 6% yr/yr; net loss narrowed from prior year
Company agreed to acquire Citadel Drilling for US$65 mln to expand U.S. Permian operations
HIGHER OPERATING ACTIVITY - Co said increased drilling and well servicing activity in Canada, U.S., and international markets drove revenue growth
NEGATIVE FX IMPACT - Co said revenue increase was partially offset by negative foreign exchange translation on USD-denominated revenue
LOWER INTEREST EXPENSE - Co said net loss narrowed as lower debt levels and effective rates reduced interest expense
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