Analysts Set Ensign Energy Services Inc. (TSE:ESI) Target Price at C$3.63

Ensign Energy Services Inc. (TSE:ESI) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$3.63.

A number of equities research analysts have commented on ESI shares. TD Securities reduced their target price on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating for the company in a report on Tuesday, October 8th. BMO Capital Markets boosted their price objective on shares of Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th.

Insider Buying and Selling

In related news, Director Donna Jeanne Carson acquired 17,443 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were acquired at an average price of C$2.87 per share, with a total value of C$50,061.41. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of C$3.00, for a total value of C$75,000.00. Insiders own 44.90% of the company’s stock.

Ensign Energy Services Stock Performance

TSE:ESI opened at C$2.95 on Wednesday. Ensign Energy Services has a 12-month low of C$1.94 and a 12-month high of C$3.19. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50. The stock’s 50 day simple moving average is C$2.83 and its 200-day simple moving average is C$2.52. The firm has a market cap of C$541.83 million, a P/E ratio of 24.58, a PEG ratio of 202.94 and a beta of 3.05.

About Ensign Energy Services

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.