Analysts Set Ensign Energy Services Inc. (TSE:ESI) Target Price at C$3.63

Ensign Energy Services Inc. (TSE:ESI - Get Free Report) has received an average rating of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$3.63.

Several research analysts have recently issued reports on ESI shares. TD Securities lowered their price target on shares of Ensign Energy Services from C$3.50 to C$3.25 and set a "buy" rating for the company in a report on Tuesday, October 8th. BMO Capital Markets upped their price target on shares of Ensign Energy Services from C$3.25 to C$3.50 in a research report on Monday, November 4th.

Insiders Place Their Bets

In other news, Director Donna Jeanne Carson bought 17,443 shares of the firm's stock in a transaction on Wednesday, October 16th. The stock was acquired at an average cost of C$2.87 per share, with a total value of C$50,061.41. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of the company's stock in a transaction 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. Insiders own 44.90% of the company's stock.

Ensign Energy Services Stock Down 3.3 %

Shares of ESI opened at C$2.96 on Wednesday. The firm has a market cap of C$543.66 million, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97. Ensign Energy Services has a 52 week low of C$1.94 and a 52 week high of C$3.19. The firm's 50-day simple moving average is C$2.79 and its 200 day simple moving average is C$2.50.

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.