Ensign Energy Services (TSE:ESI) Reaches New 12-Month High – Here’s What Happened

Ensign Energy Services Inc. (TSE:ESI)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$3.16 and last traded at C$3.15, with a volume of 161550 shares traded. The stock had previously closed at C$3.05.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ESI shares. TD Securities cut their target price 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 raised their price objective on shares of Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$3.63.

Ensign Energy Services Trading Down 1.3 %

The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30. The firm has a market cap of C$573.05 million, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The business’s 50-day moving average price is C$2.77 and its two-hundred day moving average price is C$2.49.

Insider Buying and Selling at Ensign Energy Services

In other news, Director Donna Jeanne Carson acquired 17,443 shares of the stock in a transaction on Wednesday, October 16th. The stock was bought at an average price 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 Ensign Energy Services stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$3.00, for a total transaction of C$75,000.00. 44.90% of the stock is currently owned by insiders.

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.