Ensign Energy Services Inc. (TSE:ESI) Receives C$3.63 Consensus Price Target from Brokerages

Shares of Ensign Energy Services Inc. (TSE:ESI) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$3.63.

ESI has been the topic of a number of research analyst reports. 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. TD Securities lowered their price target on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating on the stock in a research report on Tuesday, October 8th.

Ensign Energy Services Price Performance

Shares of TSE ESI opened at C$2.95 on Wednesday. Ensign Energy Services has a fifty-two week low of C$1.94 and a fifty-two week high of C$3.19. The stock has a market cap of C$541.83 million, a P/E ratio of 24.75, a P/E/G ratio of 202.94 and a beta of 3.05. The firm’s 50-day simple moving average is C$2.82 and its 200 day simple moving average is C$2.51. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50.

Insider Transactions at Ensign Energy Services

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

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.