Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Senior Officer Acquires C$108,500.00 in Stock

Ensign Energy Services Inc. (TSE:ESI) Senior Officer Robert Harold Geddes bought 50,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of C$2.17 per share, with a total value of C$108,500.00.

Ensign Energy Services Stock Down 9.3 %

Shares of Ensign Energy Services stock opened at C$2.14 on Friday. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.98 and a quick ratio of 1.30. Ensign Energy Services Inc. has a 1-year low of C$2.06 and a 1-year high of C$3.52. The business’s fifty day moving average price is C$2.69 and its two-hundred day moving average price is C$2.82. The company has a market capitalization of C$395.25 million, a P/E ratio of 12.51, a PEG ratio of 202.94 and a beta of 3.05.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ESI. ATB Capital boosted their price objective on Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. BMO Capital Markets lowered their price target on shares of Ensign Energy Services from C$4.25 to C$3.50 in a research report on Monday, March 10th. Finally, TD Securities cut their price objective on shares of Ensign Energy Services from C$3.00 to C$2.75 and set a “hold” rating on the stock in a research report on Monday, March 10th.

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.