Ensign Energy Services Inc. (TSE:ESI) Director Acquires C$50,061.41 in Stock

Ensign Energy Services Inc. (TSE:ESI - Get Free Report) Director Donna Jeanne Carson bought 17,443 shares of the firm's stock in a transaction on Wednesday, October 16th. The shares were purchased at an average price of C$2.87 per share, for a total transaction of C$50,061.41.

Ensign Energy Services Price Performance

Ensign Energy Services stock traded down C$0.02 during midday trading on Friday, reaching C$2.86. 302,012 shares of the stock traded hands, compared to its average volume of 238,431. The stock has a market cap of C$525.30 million, a P/E ratio of 23.58, a PEG ratio of 202.94 and a beta of 3.05. The stock's fifty day moving average is C$2.55 and its 200-day moving average is C$2.45. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50. Ensign Energy Services Inc. has a 12 month low of C$1.94 and a 12 month high of C$3.02.

Ensign Energy Services (TSE:ESI - Get Free Report) last posted its earnings results on Friday, August 2nd. The company reported C($0.02) EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of C$387.80 million. As a group, equities research analysts anticipate that Ensign Energy Services Inc. will post 0.2901354 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ESI. BMO Capital Markets dropped their price objective on Ensign Energy Services from C$3.50 to C$3.25 in a research note on Friday, October 4th. TD Securities cut their price objective 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$3.58.

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.