Ensign Energy Services Inc. (TSE:ESI) Senior Officer Sells C$75,000.00 in Stock

Ensign Energy Services Inc. (TSE:ESI) Senior Officer Robert Harold Geddes sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$3.00, for a total value of C$75,000.00.

Ensign Energy Services Price Performance

Ensign Energy Services stock remained flat at C$3.03 during mid-day trading on Tuesday. The company’s stock had a trading volume of 185,612 shares, compared to its average volume of 240,025. The company has a market capitalization of C$556.52 million, a P/E ratio of 25.25, a PEG ratio of 202.94 and a beta of 3.05. The business has a fifty day moving average of C$2.64 and a two-hundred day moving average of C$2.46. Ensign Energy Services Inc. has a 1 year low of C$1.94 and a 1 year high of C$3.06. 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 posted its earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of C$387.80 million. Research analysts expect that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on ESI. BMO Capital Markets boosted their price target on shares of Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday. TD Securities decreased their target price 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$3.63.

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.