Brokerages Set Ensign Energy Services Inc. (TSE:ESI) PT at C$3.63

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

Several equities research analysts have issued reports on the stock. TD Securities decreased their price objective on shares of 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. BMO Capital Markets upped their price target on shares of Ensign Energy Services from C$3.25 to C$3.50 in a research report on Monday, November 4th.

Insiders Place Their Bets

In related news, Director Donna Jeanne Carson purchased 17,443 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was 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 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. 44.90% of the stock is currently owned by company insiders.

Ensign Energy Services Stock Performance

TSE ESI opened at C$2.95 on Wednesday. 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 1-year low of C$1.94 and a 1-year high of C$3.19. The firm has a market capitalization of C$541.83 million, a P/E ratio of 24.58, a P/E/G ratio of 202.94 and a beta of 3.05. The business’s 50-day simple moving average is C$2.83 and its 200-day simple moving average is C$2.52.

About Ensign Energy Services

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.