TD Securities Downgrades Ensign Energy Services (TSE:ESI) to Hold

Ensign Energy Services (TSE:ESI) was downgraded by investment analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. They presently have a C$3.00 price target on the stock, down from their previous price target of C$3.25. TD Securities’ target price points to a potential upside of 0.67% from the company’s previous close.

Several other research analysts have also commented on the stock. BMO Capital Markets raised their price target on shares of Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. ATB Capital raised their target price on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$3.67.

Ensign Energy Services Price Performance

Ensign Energy Services stock opened at C$2.98 on Monday. Ensign Energy Services has a 1 year low of C$2.07 and a 1 year high of C$3.52. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97. The firm has a 50 day moving average price of C$3.05 and a 200 day moving average price of C$2.76. The company has a market cap of C$547.34 million, a price-to-earnings ratio of 24.83, a PEG ratio of 202.94 and a beta of 3.05.

Insider Buying and Selling at Ensign Energy Services

In other news, Senior Officer Robert Harold Geddes acquired 50,400 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average price of C$2.90 per share, for a total transaction of C$146,160.00. Also, Senior Officer Brent John Conway sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$2.86, for a total value of C$100,100.00. Over the last 90 days, insiders have bought 67,150 shares of company stock worth $196,172. 44.90% of the stock is owned by company 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.