BMO Capital Markets Issues Pessimistic Forecast for Ensign Energy Services (TSE:ESI) Stock Price

Ensign Energy Services (TSE:ESI) had its target price trimmed by BMO Capital Markets from C$4.25 to C$3.50 in a research report report published on Monday morning,BayStreet.CA reports.

Several other analysts have also issued reports on ESI. ATB Capital increased their price target on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. TD Securities lowered shares of Ensign Energy Services from a “buy” rating to a “hold” rating and cut their target price for the company from C$3.25 to C$3.00 in a research report on Monday, February 3rd.

Ensign Energy Services Stock Up 3.2 %

ESI stock opened at C$2.29 on Monday. The company has a market cap of C$422.95 million, a PE ratio of 13.39, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The company has a quick ratio of 1.30, a current ratio of 0.98 and a debt-to-equity ratio of 84.02. Ensign Energy Services has a 52 week low of C$2.06 and a 52 week high of C$3.52. The business has a 50-day simple moving average of C$3.02 and a 200 day simple moving average of C$2.83.

Insider Activity at Ensign Energy Services

In related news, Director Cary A. Moomjian Jr. purchased 10,000 shares of Ensign Energy Services stock in a transaction on Monday, February 3rd. The shares were purchased at an average price of C$2.97 per share, for a total transaction of C$29,694.00. 44.90% of the stock is owned by company insiders.

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.