Ensign Energy Services Inc. (TSE:ESI) Receives C$3.58 Average Price Target from Brokerages

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

Several research firms have weighed in on ESI. TD Securities decreased 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. BMO Capital Markets lifted their price target on shares of Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday.

Insider Buying and Selling

In other Ensign Energy Services news, Director Donna Jeanne Carson acquired 17,443 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was bought at an average cost of C$2.87 per share, for a total transaction of C$50,061.41. In other news, Director Donna Jeanne Carson purchased 17,443 shares of the stock in a transaction on Wednesday, October 16th. The stock was bought at an average price of C$2.87 per share, for a total transaction of C$50,061.41. Also, Senior Officer Michael Gray purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of C$2.24 per share, with a total value of C$33,630.00. In the last three months, insiders have bought 43,443 shares of company stock worth $108,865. Insiders own 44.90% of the company’s stock.

Ensign Energy Services Trading Up 4.1 %

Shares of TSE ESI opened at C$3.03 on Friday. The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30. The firm has a 50-day moving average of C$2.63 and a 200 day moving average of C$2.46. Ensign Energy Services has a 1 year low of C$1.94 and a 1 year high of C$3.06. The stock has a market cap of C$556.52 million, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05.

Ensign Energy Services (TSE:ESI) last issued its earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02. The business had revenue of C$391.79 million during the quarter, compared to analyst estimates of C$387.80 million. Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. As a group, sell-side analysts expect that Ensign Energy Services will post 0.2901354 EPS for the current fiscal year.

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.