Ensign Energy Services (TSE:ESI) Reaches New 1-Year High - Still a Buy?

Ensign Energy Services Inc. (TSE:ESI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$3.04 and last traded at C$3.02, with a volume of 116194 shares changing hands. The stock had previously closed at C$2.91.

Analyst Upgrades and Downgrades

ESI has been the topic of several research reports. TD Securities decreased 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 report on Tuesday, October 8th. BMO Capital Markets upped their price objective on shares of Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$3.63.

Ensign Energy Services Stock Performance

The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30. The company's fifty day simple moving average is C$2.63 and its two-hundred day simple moving average is C$2.46. The stock has a market cap of C$556.52 million, a price-to-earnings ratio of 25.17, a P/E/G ratio of 202.94 and a beta of 3.05.

Ensign Energy Services (TSE:ESI - Get Free Report) last announced its earnings results on Friday, August 2nd. The company reported C($0.02) EPS for the quarter, beating the consensus estimate of C($0.04) by C$0.02. The company had revenue of C$391.79 million during the quarter, compared to the consensus estimate of C$387.80 million. Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%. On average, analysts forecast that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Michael Gray purchased 15,000 shares of Ensign Energy Services stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of C$2.24 per share, for a total transaction of C$33,630.00. In related news, Senior Officer Michael Gray purchased 15,000 shares of Ensign Energy Services stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of C$2.24 per share, for a total transaction of C$33,630.00. Also, Director Donna Jeanne Carson purchased 17,443 shares of Ensign Energy Services stock in a transaction that occurred on Wednesday, October 16th. The shares were bought at an average price of C$2.87 per share, with a total value of C$50,061.41. Insiders bought a total of 43,443 shares of company stock worth $108,865 over the last quarter. 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.