BMO Capital Markets Forecasts Strong Price Appreciation for Ensign Energy Services (TSE:ESI) Stock

Ensign Energy Services (TSE:ESI - Free Report) had its target price boosted by BMO Capital Markets from C$3.25 to C$3.50 in a research report sent to investors on Monday morning, BayStreet.CA reports.

Separately, TD Securities cut their target price on 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$3.63.

Ensign Energy Services Stock Up 4.1 %

TSE:ESI traded up C$0.12 during mid-day trading on Monday, hitting C$3.03. 542,772 shares of the company's stock were exchanged, compared to its average volume of 240,280. The company has a market cap of C$556.52 million, a PE ratio of 25.17, a P/E/G ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30. Ensign Energy Services has a one year low of C$1.94 and a one year high of C$3.06. The business has a fifty day moving average price of C$2.63 and a 200 day moving average price of C$2.46.

Ensign Energy Services (TSE:ESI - Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The company reported C($0.02) EPS for the quarter, topping analysts' consensus estimates of C($0.04) by C$0.02. Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. The firm had revenue of C$391.79 million for the quarter, compared to analysts' expectations of C$387.80 million. Equities analysts predict that Ensign Energy Services will post 0.2901354 EPS for the current year.

Insiders Place Their Bets

In related news, Senior Officer Michael Gray acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of C$2.24 per share, for a total transaction of C$33,630.00. In other news, Director Donna Jeanne Carson purchased 17,443 shares of the business's stock in a transaction on Wednesday, October 16th. The stock was acquired at an average cost of C$2.87 per share, for a total transaction of C$50,061.41. Also, Senior Officer Michael Gray acquired 15,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of C$2.24 per share, for a total transaction of C$33,630.00. In the last 90 days, insiders acquired 43,443 shares of company stock valued at $108,865. 44.90% of the stock is owned by insiders.

Ensign Energy Services Company Profile

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.