Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. Purchases 10,000 Shares

Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. purchased 10,000 shares of Ensign Energy Services stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of C$2.97 per share, with a total value of C$29,694.00.

Ensign Energy Services Stock Down 7.9 %

ESI opened at C$2.91 on Tuesday. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97. The firm’s fifty day moving average is C$3.05 and its 200 day moving average is C$2.75. The stock has a market cap of C$534.48 million, a price-to-earnings 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 fifty-two week low of C$2.07 and a fifty-two week high of C$3.52.

Ensign Energy Services (TSE:ESI) last released its earnings results on Friday, November 1st. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. During the same period in the previous year, the firm posted ($0.03) EPS. On average, sell-side analysts forecast that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ESI has been the subject of a number of research reports. TD Securities cut shares of Ensign Energy Services from a “buy” rating to a “hold” rating and reduced their target price for the company from C$3.25 to C$3.00 in a report on Monday. BMO Capital Markets raised their target price on Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. Finally, ATB Capital boosted their price target on Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ensign Energy Services currently has an average rating of “Hold” and a consensus target price of C$3.67.

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.