Ensign Energy Services Inc. (TSE:ESI) Director Buys C$50,061.41 in Stock

Ensign Energy Services Inc. (TSE:ESI) Director Donna Jeanne Carson purchased 17,443 shares of Ensign Energy Services stock in a transaction that occurred on Wednesday, October 16th. The stock was acquired at an average price of C$2.87 per share, with a total value of C$50,061.41.

Ensign Energy Services Price Performance

Shares of ESI traded down C$0.05 during trading hours on Friday, reaching C$2.83. The company had a trading volume of 264,912 shares, compared to its average volume of 238,246. The firm has a 50 day simple moving average of C$2.55 and a 200-day simple moving average of C$2.45. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50. The company has a market capitalization of C$519.79 million, a price-to-earnings ratio of 24.00, a PEG ratio of 202.94 and a beta of 3.05. Ensign Energy Services Inc. has a 12-month low of C$1.94 and a 12-month high of C$3.02.

Ensign Energy Services (TSE:ESI) last announced its quarterly earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.02. The business had revenue of C$391.79 million during the quarter, compared to the consensus estimate of C$387.80 million. Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%. Research analysts expect that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Securities cut 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 report on Tuesday, October 8th. BMO Capital Markets cut their price objective on shares of Ensign Energy Services from C$3.50 to C$3.25 in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$3.58.

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.