Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Senior Officer Purchases C$146,160.00 in Stock

Ensign Energy Services Inc. (TSE:ESI) Senior Officer Robert Harold Geddes bought 50,400 shares of the company’s stock in a transaction that occurred on 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.

Robert Harold Geddes also recently made the following trade(s):

• On Tuesday, November 5th, Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock. The stock was sold at an average price of C$3.00, for a total transaction of C$75,000.00.

Ensign Energy Services Stock Performance

Shares of Ensign Energy Services stock opened at C$2.91 on Monday. The stock has a market cap of C$534.48 million, a PE ratio of 24.25, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. Ensign Energy Services Inc. has a 12 month low of C$2.01 and a 12 month high of C$3.19. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50. The business has a fifty day simple moving average of C$2.87 and a 200-day simple moving average of C$2.54.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ESI. TD Securities reduced their price objective 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. ATB Capital increased their price target on Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Finally, BMO Capital Markets boosted their price objective on Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$3.71.

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.