Ensign Energy Services Inc. (TSE:ESI - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.44 and traded as high as C$2.95. Ensign Energy Services shares last traded at C$2.84, with a volume of 419,408 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. TD Securities lowered their price target on 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 lowered their target price on Ensign Energy Services from C$3.50 to C$3.25 in a report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$3.58.
View Our Latest Report on Ensign Energy Services
Ensign Energy Services Trading Up 1.1 %
The business has a 50 day moving average of C$2.53 and a 200-day moving average of C$2.44. The stock has a market cap of C$527.13 million, a PE ratio of 23.75, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50.
Ensign Energy Services (TSE:ESI - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.04) by C$0.02. The business had revenue of C$391.79 million for the quarter, compared to the consensus estimate of C$387.80 million. Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. On average, analysts anticipate that Ensign Energy Services Inc. will post 0.2901354 EPS for the current year.
Insider Buying and Selling at Ensign Energy Services
In other news, Senior Officer Michael Gray bought 11,000 shares of the stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of C$2.29 per share, with a total value of C$25,173.50. 44.90% of the stock is owned by insiders.
Ensign Energy Services Company Profile
(
Get Free Report)
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.
Read More
Before you consider Ensign Energy Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ensign Energy Services wasn't on the list.
While Ensign Energy Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
