Ensign Energy Services Inc. (ESI.TO) was downgraded to Hold from Buy at TD Securities on Monday.
Analyst Aaron MacNeil lowered his price target on shares of the Calgary-based energy services company to $3 from $3.25.
"In our view, a potential 10% tariff is likely to negatively impact Canadian drilling and servicing activity across a range of plays that Ensign has exposure to," MacNeil said in a note to clients.
MacNeil said Ensign's share price has increased approximately 34% in the past six months.
(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)
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