Brokerages Set Ensign Energy Services Inc. (TSE:ESI) PT at C$3.65

Shares of Ensign Energy Services Inc. (TSE:ESI - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$3.58.

Several analysts have weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Ensign Energy Services from C$3.50 to C$3.25 in a research note on Friday. TD Securities dropped their price target on Ensign Energy Services from C$3.50 to C$3.25 and set a "buy" rating for the company in a report on Tuesday.

Ensign Energy Services Stock Performance

Shares of ESI stock traded down C$0.04 during trading hours on Tuesday, reaching C$2.57. 214,015 shares of the company's stock were exchanged, compared to its average volume of 228,044. Ensign Energy Services has a fifty-two week low of C$1.94 and a fifty-two week high of C$3.16. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50. The stock has a market capitalization of C$472.03 million, a P/E ratio of 23.36, a P/E/G ratio of 202.94 and a beta of 3.05. The business has a fifty day moving average price of C$2.49 and a 200-day moving average price of C$2.43.

Ensign Energy Services (TSE:ESI - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.04) by C$0.02. The firm had revenue of C$391.79 million during the quarter, compared to analyst estimates of C$387.80 million. Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%.

Insiders Place Their Bets

In other Ensign Energy Services news, Senior Officer Michael Gray acquired 11,000 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of C$2.29 per share, for a total transaction of C$25,173.50. Corporate insiders own 44.90% of the company's stock.

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.