Ensign Energy Services (TSE:ESI - Get Free Report) had its price objective cut by research analysts at BMO Capital Markets from C$4.25 to C$3.50 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential upside of 50.86% from the company's previous close.
Several other brokerages have also issued reports on ESI. TD Securities lowered Ensign Energy Services from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$3.25 to C$3.00 in a research note on Monday, February 3rd. ATB Capital lifted their price target on Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th.
View Our Latest Research Report on ESI
Ensign Energy Services Price Performance
TSE:ESI traded up C$0.07 during trading hours on Monday, hitting C$2.32. 71,137 shares of the company's stock traded hands, compared to its average volume of 288,108. The firm has a market cap of C$428.49 million, a P/E ratio of 13.56, a P/E/G ratio of 202.94 and a beta of 3.05. Ensign Energy Services has a 52 week low of C$2.06 and a 52 week high of C$3.52. The business's fifty day simple moving average is C$2.99 and its two-hundred day simple moving average is C$2.82. The company has a quick ratio of 1.30, a current ratio of 0.98 and a debt-to-equity ratio of 84.02.
Insider Activity
In other Ensign Energy Services news, Director Cary A. Moomjian Jr. purchased 10,000 shares of Ensign Energy Services stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average price of C$2.97 per share, for a total transaction of C$29,694.00. 44.90% of the stock is currently owned by corporate insiders.
About Ensign Energy Services
(
Get Free Report)
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.
See Also
Before you consider Ensign Energy Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ensign Energy Services wasn't on the list.
While Ensign Energy Services currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
