TD Securities Downgrades Ensign Energy Services (TSE:ESI) to Hold

TD Securities lowered shares of Ensign Energy Services (TSE:ESI - Free Report) from a buy rating to a hold rating in a research report report published on Monday morning, MarketBeat Ratings reports. TD Securities currently has C$3.00 price target on the stock, down from their prior price target of C$3.25.

Several other brokerages have also recently commented on ESI. ATB Capital raised their target price on Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. BMO Capital Markets raised their price objective on Ensign Energy Services from C$3.25 to C$3.50 in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ensign Energy Services currently has an average rating of "Hold" and an average target price of C$3.67.

Ensign Energy Services Trading Down 2.4 %

Shares of TSE:ESI traded down C$0.07 during mid-day trading on Monday, hitting C$2.90. The stock had a trading volume of 235,405 shares, compared to its average volume of 304,099. The company's 50 day moving average is C$3.05 and its 200-day moving average is C$2.76. Ensign Energy Services has a 12-month low of C$2.09 and a 12-month high of C$3.52. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97. The company has a market cap of C$532.64 million, a PE ratio of 24.17, a P/E/G ratio of 202.94 and a beta of 3.05.

Insider Buying and Selling

In related news, Senior Officer Robert Harold Geddes purchased 50,400 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of C$2.90 per share, for a total transaction of C$146,160.00. Also, Director Cary A. Moomjian Jr. acquired 10,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was bought at an average cost of C$2.97 per share, for a total transaction of C$29,694.00. Over the last quarter, insiders have bought 67,150 shares of company stock worth $196,172. Insiders own 44.90% of the company's stock.

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.