Ensign Energy Services Inc. (TSE:ESI - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.48 and traded as high as C$3.08. Ensign Energy Services shares last traded at C$3.00, with a volume of 179,957 shares changing hands.
Wall Street Analyst Weigh In
A number of analysts have commented on ESI shares. TD Securities lowered their target price 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 lifted their price objective on Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$3.63.
View Our Latest Stock Analysis on Ensign Energy Services
Ensign Energy Services Trading Down 1.6 %
The company's fifty day simple moving average is C$2.73 and its two-hundred day simple moving average is C$2.48. The company has a market capitalization of C$551.01 million, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50.
Insider Buying and Selling
In related news, Director Donna Jeanne Carson purchased 17,443 shares of Ensign Energy Services stock in a transaction dated Wednesday, October 16th. The stock was bought at an average price of C$2.87 per share, for a total transaction of C$50,061.41. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$3.00, for a total transaction of C$75,000.00. 44.90% of the stock is currently owned by company insiders.
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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