Ensign Energy Services (TSE:ESI) Reaches New 52-Week Low - Should You Sell?

Ensign Energy Services Inc. (TSE:ESI - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as C$1.86 and last traded at C$1.90, with a volume of 627808 shares traded. The stock had previously closed at C$2.14.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. 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. TD Securities decreased their price target on Ensign Energy Services from C$3.00 to C$2.75 and set a "hold" rating for the company in a report on Monday, March 10th. Finally, BMO Capital Markets cut their price objective on shares of Ensign Energy Services from C$4.25 to C$3.50 in a report on Monday, March 10th.

Ensign Energy Services Trading Up 15.1 %

The stock has a market capitalization of C$380.47 million, a PE ratio of 12.04, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The company has a current ratio of 0.98, a quick ratio of 1.30 and a debt-to-equity ratio of 84.02. The firm has a 50-day moving average price of C$2.54 and a 200-day moving average price of C$2.80.

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 on Monday, February 3rd. The shares were purchased at an average price of C$2.97 per share, with a total value of C$29,694.00. Also, Senior Officer Robert Harold Geddes bought 50,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of C$2.17 per share, with a total value of C$108,500.00. Over the last 90 days, insiders purchased 80,000 shares of company stock worth $179,329. Insiders own 44.90% of the company's stock.

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.