Ensign Energy Services Inc. (TSE:ESI) Receives Average Rating of “Moderate Buy” from Brokerages

Ensign Energy Services Inc. (TSE:ESI) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$3.63.

Several equities research analysts recently issued reports on ESI shares. BMO Capital Markets upped their price target on Ensign Energy Services from C$3.25 to C$3.50 in a research report on Monday, November 4th. TD Securities reduced their price target on shares of 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 Trading Down 3.3 %

Shares of TSE ESI opened at C$2.96 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50. The stock’s 50 day moving average price is C$2.79 and its two-hundred day moving average price is C$2.50. Ensign Energy Services has a 52-week low of C$1.94 and a 52-week high of C$3.19. The stock has a market capitalization of C$543.66 million, a P/E ratio of 24.67, a PEG ratio of 202.94 and a beta of 3.05.

Insider Buying and Selling 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 stock was sold at an average price of C$3.00, for a total transaction of C$75,000.00. Also, Director Donna Jeanne Carson acquired 17,443 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was acquired at an average cost of C$2.87 per share, with a total value of C$50,061.41. 44.90% of the stock is currently 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.