Ensign Energy Services Inc. (TSE:ESI) Given Average Recommendation of “Moderate Buy” by Analysts

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

A number of research firms recently weighed in on ESI. BMO Capital Markets upped their price target on Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. TD Securities reduced their target price on 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.

Insider Transactions at Ensign Energy Services

In other Ensign Energy Services news, Director Donna Jeanne Carson bought 17,443 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were acquired at an average cost of C$2.87 per share, with a total value of C$50,061.41. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of the company’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. Corporate insiders own 44.90% of the company’s stock.

Ensign Energy Services Trading Down 2.1 %

Shares of Ensign Energy Services stock opened at C$2.86 on Wednesday. The firm has a 50-day simple moving average of C$2.84 and a two-hundred day simple moving average of C$2.53. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97. Ensign Energy Services has a fifty-two week low of C$1.94 and a fifty-two week high of C$3.19. The company has a market cap of C$525.30 million, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05.

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.