Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. Purchases 10,000 Shares

Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. acquired 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of C$2.97 per share, with a total value of C$29,694.00.

Ensign Energy Services Trading Down 7.9 %

Shares of Ensign Energy Services stock traded down C$0.25 on Monday, hitting C$2.91. 558,192 shares of the company’s stock traded hands, compared to its average volume of 316,339. The firm’s 50-day moving average price is C$3.06 and its two-hundred day moving average price is C$2.75. The stock has a market capitalization of C$534.48 million, a PE ratio of 24.25, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. Ensign Energy Services Inc. has a one year low of C$2.07 and a one year high of C$3.52. The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30.

Ensign Energy Services (TSE:ESI) last issued its earnings results on Friday, November 1st. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%. During the same quarter in the prior year, the firm posted ($0.03) EPS. On average, research analysts expect that Ensign Energy Services Inc. will post 0.2901354 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. TD Securities lowered shares of Ensign Energy Services from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$3.25 to C$3.00 in a report on Monday. ATB Capital raised their price target on shares of Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Finally, BMO Capital Markets raised their price target on shares of Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$3.67.

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.