Ensign Energy Services Inc. (TSE:ESI) Receives C$3.58 Consensus Target Price from Brokerages

Shares of Ensign Energy Services Inc. (TSE:ESI) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$3.63.

A number of equities analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday. TD Securities dropped their price target on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating for the company in a research note on Tuesday, October 8th.

Insider Buying and Selling at Ensign Energy Services

In related news, Senior Officer Michael Gray purchased 11,000 shares of Ensign Energy Services stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of C$2.29 per share, with a total value of C$25,173.50. In other Ensign Energy Services news, Senior Officer Robert Harold Geddes sold 25,000 shares of the business’s stock in a transaction 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. Also, Senior Officer Michael Gray bought 11,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of C$2.29 per share, for a total transaction of C$25,173.50. 44.90% of the stock is currently owned by insiders.

Ensign Energy Services Trading Up 2.7 %

Shares of Ensign Energy Services stock opened at C$3.08 on Friday. Ensign Energy Services has a fifty-two week low of C$1.94 and a fifty-two week high of C$3.13. The business’s fifty day moving average is C$2.66 and its two-hundred day moving average is C$2.47. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50. The firm has a market cap of C$565.70 million, a PE ratio of 25.67, a P/E/G ratio of 202.94 and a beta of 3.05.

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.