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

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

Ensign Energy Services Stock Performance

Shares of ESI stock traded down C$0.25 on Monday, reaching C$2.91. The stock had a trading volume of 558,192 shares, compared to its average volume of 316,339. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50. The firm’s 50-day moving average is C$3.06 and its two-hundred day moving average is C$2.75. The firm has a market capitalization of C$534.48 million, a price-to-earnings ratio of 24.25, a P/E/G ratio of 202.94 and a beta of 3.05. Ensign Energy Services Inc. has a 12 month low of C$2.07 and a 12 month high of C$3.52.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings results on Friday, November 1st. The company reported C$0.03 earnings per share 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 earned ($0.03) earnings per share. On average, research analysts expect that Ensign Energy Services Inc. will post 0.2901354 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Securities downgraded shares of Ensign Energy Services from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$3.25 to C$3.00 in a research note on Monday. ATB Capital increased their price objective on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Finally, BMO Capital Markets increased their price objective on shares of Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Ensign Energy Services presently has a consensus rating of “Hold” and a consensus price target 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.