Ensign Energy Services Inc. (TSE:ESI - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$3.22 and last traded at C$3.20, with a volume of 43591 shares. The stock had previously closed at C$3.15.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on ESI. TD Securities dropped their price target on shares of Ensign Energy Services from C$3.50 to C$3.25 and set a "buy" rating on the stock in a research note on Tuesday, October 8th. BMO Capital Markets raised 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. Finally, ATB Capital lifted their target price on Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$3.71.
Check Out Our Latest Stock Report on Ensign Energy Services
Ensign Energy Services Price Performance
The firm has a market cap of C$585.91 million, a PE ratio of 26.58, a PEG ratio of 202.94 and a beta of 3.05. The firm has a fifty day simple moving average of C$2.92 and a two-hundred day simple moving average of C$2.60. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97.
Insiders Place Their Bets
In other news, Senior Officer Brent John Conway sold 35,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$2.86, for a total value of C$100,100.00. Also, Senior Officer Robert Harold Geddes acquired 50,400 shares of Ensign Energy Services stock in a transaction that occurred on Tuesday, December 10th. The shares were purchased at an average price of C$2.90 per share, with a total value of C$146,160.00. Insiders have acquired a total of 74,593 shares of company stock worth $216,539 over the last quarter. Company insiders own 44.90% of the company's stock.
About Ensign Energy Services
(
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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.
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