Ensign Energy Services (TSE:ESI) Sets New 52-Week Low After Analyst Downgrade

Ensign Energy Services Inc. (TSE:ESI - Get Free Report) shares hit a new 52-week low on Monday after TD Securities lowered their price target on the stock from C$3.00 to C$2.75. TD Securities currently has a hold rating on the stock. Ensign Energy Services traded as low as C$2.06 and last traded at C$2.08, with a volume of 838740 shares changing hands. The stock had previously closed at C$2.25.

ESI has been the topic of several other reports. ATB Capital lifted their price target on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. BMO Capital Markets dropped their price objective on shares of Ensign Energy Services from C$4.25 to C$3.50 in a research note on Monday.

Insider Buying and Selling

In other Ensign Energy Services news, Director Cary A. Moomjian Jr. purchased 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of C$2.97 per share, for a total transaction of C$29,694.00. 44.90% of the stock is owned by insiders.

Ensign Energy Services Stock Up 2.2 %

The firm's 50-day moving average price is C$2.99 and its 200 day moving average price is C$2.82. The firm has a market capitalization of C$424.80 million, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.98 and a quick ratio of 1.30.

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.