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

Shares of Ensign Energy Services Inc. (TSE:ESI) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$3.58.

A number of equities analysts recently weighed in on ESI shares. BMO Capital Markets lowered their price objective on shares of Ensign Energy Services from C$3.50 to C$3.25 in a research report on Friday, October 4th. TD Securities lowered their price objective 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.

Insiders Place Their Bets

In related news, Senior Officer Michael Gray bought 15,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of C$2.24 per share, for a total transaction of C$33,630.00. Insiders own 44.90% of the company’s stock.

Ensign Energy Services Stock Up 6.4 %

ESI stock opened at C$3.00 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50. Ensign Energy Services has a twelve month low of C$1.94 and a twelve month high of C$3.12. The company’s 50 day moving average is C$2.51 and its two-hundred day moving average is C$2.44. The stock has a market cap of C$551.01 million, a P/E ratio of 25.00, a PEG ratio of 202.94 and a beta of 3.05.

Ensign Energy Services (TSE:ESI) last announced its earnings results on Friday, August 2nd. The company reported C($0.02) EPS for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.02. Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%. The business had revenue of C$391.79 million for the quarter, compared to analysts’ expectations of C$387.80 million. Research analysts expect that Ensign Energy Services will post 0.2901354 earnings per share 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.