Ensign Energy Services (TSE:ESI) Stock Price Expected to Rise, ATB Capital Analyst Says

Ensign Energy Services (TSE:ESI) had its price objective lifted by analysts at ATB Capital from C$4.50 to C$5.50 in a report issued on Tuesday,BayStreet.CA reports. ATB Capital’s price target would suggest a potential upside of 86.44% from the company’s previous close.

ESI has been the subject of several other research reports. TD Securities reduced 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 research report on Tuesday, October 8th. BMO Capital Markets increased their target price on Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$3.71.

Ensign Energy Services Price Performance

TSE ESI opened at C$2.95 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50. Ensign Energy Services has a 1 year low of C$1.94 and a 1 year high of C$3.19. The company has a market cap of C$541.83 million, a PE ratio of 24.58, a PEG ratio of 202.94 and a beta of 3.05. The stock’s 50-day moving average price is C$2.86 and its two-hundred day moving average price is C$2.53.

Insider Buying and Selling at Ensign Energy Services

In other news, Director Donna Jeanne Carson purchased 17,443 shares of Ensign Energy Services stock in a transaction dated Wednesday, October 16th. The stock was acquired at an average cost 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 business’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 value of C$75,000.00. Company insiders own 44.90% of the company’s stock.

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.