Ensign Energy Services (TSE:ESI) Cut to “Hold” at TD Securities

TD Securities cut shares of Ensign Energy Services (TSE:ESI) from a buy rating to a hold rating in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has C$3.00 price target on the stock, down from their previous price target of C$3.25.

A number of other equities research analysts have also issued reports on the stock. BMO Capital Markets increased their price objective on shares of Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. ATB Capital upped their target price on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$3.67.

Ensign Energy Services Stock Performance

TSE ESI opened at C$2.97 on Monday. 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 has a twelve month low of C$2.09 and a twelve month high of C$3.52. The business has a 50-day moving average price of C$3.05 and a 200-day moving average price of C$2.76. The firm has a market cap of C$545.50 million, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05.

Insider Buying and Selling

In other Ensign Energy Services news, Senior Officer Brent John Conway sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$2.86, for a total value of C$100,100.00. Also, Director Cary A. Moomjian Jr. bought 10,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were acquired at an average price of C$2.97 per share, with a total value of C$29,694.00. Over the last 90 days, insiders have acquired 67,150 shares of company stock worth $196,172. 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.