Ensign Energy Services Inc. (TSE:ESI) Given Average Rating of “Moderate Buy” by Analysts

Ensign Energy Services Inc. (TSE:ESI) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$3.63.

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. TD Securities cut their price target on shares of Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating for the company in a report on Tuesday, October 8th.

Ensign Energy Services Price Performance

Shares of TSE:ESI opened at C$2.96 on Wednesday. The stock has a market cap of C$543.66 million, a price-to-earnings ratio of 24.67, a PEG ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30. Ensign Energy Services has a 12 month low of C$1.94 and a 12 month high of C$3.19. The stock’s 50 day moving average price is C$2.79 and its 200 day moving average price is C$2.50.

Insider Transactions at Ensign Energy Services

In other news, Director Donna Jeanne Carson purchased 17,443 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were acquired at an average price of C$2.87 per share, for a total transaction of C$50,061.41. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$3.00, for a total transaction of C$75,000.00. 44.90% of the stock is owned by insiders.

Ensign Energy Services Company Profile

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and services.