Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Director Purchases 17,443 Shares of Stock

Ensign Energy Services Inc. (TSE:ESI) Director Donna Jeanne Carson purchased 17,443 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was acquired at an average price of C$2.87 per share, for a total transaction of C$50,061.41.

Ensign Energy Services Stock Performance

Shares of TSE ESI traded down C$0.05 during midday trading on Friday, reaching C$2.83. 264,912 shares of the company traded hands, compared to its average volume of 238,246. Ensign Energy Services Inc. has a 52 week low of C$1.94 and a 52 week high of C$3.02. The stock has a 50-day moving average price of C$2.55 and a 200 day moving average price of C$2.45. 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 company has a market cap of C$519.79 million, a price-to-earnings ratio of 24.00, a PEG ratio of 202.94 and a beta of 3.05.

Ensign Energy Services (TSE:ESI) last issued its quarterly earnings data on Friday, August 2nd. The company reported C($0.02) earnings per share 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. Sell-side analysts anticipate that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ESI. BMO Capital Markets dropped their price objective on shares of Ensign Energy Services from C$3.50 to C$3.25 in a research note on Friday, October 4th. TD Securities dropped 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 note on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$3.58.

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.