Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Director Purchases C$29,694.00 in Stock

Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of C$2.97 per share, for a total transaction of C$29,694.00.

Ensign Energy Services Stock Performance

Shares of TSE:ESI opened at C$2.97 on Thursday. The firm’s 50 day simple moving average is C$3.05 and its 200 day simple moving average is C$2.76. Ensign Energy Services Inc. has a fifty-two week low of C$2.09 and a fifty-two week high of C$3.52. The company has a market capitalization of C$545.50 million, a price-to-earnings ratio of 24.75, a P/E/G ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30.

Analysts Set New Price Targets

A number of research analysts have issued reports on ESI shares. TD Securities downgraded shares of Ensign Energy Services from a “buy” rating to a “hold” rating and cut their target price for the company from C$3.25 to C$3.00 in a research report on Monday. BMO Capital Markets increased their price objective on shares of Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. Finally, ATB Capital lifted their target price on shares of Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$3.67.

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.