BMO Capital Markets on Monday maintained its market-perform rating on the shares of Ensign Energy Services (ESI.TO) while raising its price target to C$3.50 from C$3.00 following the company's fourth-quarter results.

"Ensign reported a modest Q4 beat as operations across North America continue to be solid amid a mixed activity level backdrop. We have increased our target price to $3.50 ($3.00 prior) to reflect stronger FCF generation and continued debt repayment, although we maintain a Market Perform rating as we anticipate limited near-term catalysts for significant shareholder returns," analyst John Gibson wrote.

(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)

Price: 3.47, Change: +0.03, Percent Change: +0.87