Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Director Purchases 10,000 Shares of Stock

Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average cost of C$1.88 per share, for a total transaction of C$18,815.00.

Cary A. Moomjian Jr. also recently made the following trade(s):

• On Thursday, March 13th, Cary A. Moomjian Jr. purchased 10,000 shares of Ensign Energy Services stock. The shares were acquired at an average price of C$2.23 per share, for a total transaction of C$22,320.00.
• On Monday, February 3rd, Cary A. Moomjian Jr. acquired 10,000 shares of Ensign Energy Services stock. The shares were bought at an average price of C$2.97 per share, for a total transaction of C$29,694.00.

Ensign Energy Services Stock Down 1.0 %

TSE:ESI traded down C$0.02 during mid-day trading on Monday, hitting C$1.95. The stock had a trading volume of 365,712 shares, compared to its average volume of 270,210. Ensign Energy Services Inc. has a twelve month low of C$1.80 and a twelve month high of C$3.52. The company has a market capitalization of C$360.16 million, a PE ratio of 11.40, a PEG ratio of 202.94 and a beta of 3.05. The company has a current ratio of 0.98, a quick ratio of 1.30 and a debt-to-equity ratio of 84.02. The stock has a 50-day simple moving average of C$2.66 and a two-hundred day simple moving average of C$2.82.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. ATB Capital lifted their price target on Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday, December 10th. BMO Capital Markets dropped their price target on shares of Ensign Energy Services from C$4.25 to C$3.50 in a research note on Monday, March 10th. Finally, TD Securities reduced their price target on shares of Ensign Energy Services from C$3.00 to C$2.75 and set a “hold” rating on the stock in a research report on Monday, March 10th.

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.