Cary A. Moomjian Jr. Purchases 10,000 Shares of Ensign Energy Services Inc. (TSE:ESI) Stock

Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. bought 10,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was purchased at an average price of C$2.97 per share, with a total value of C$29,694.00.

Ensign Energy Services Trading Down 7.9 %

Shares of TSE ESI opened at C$2.91 on Tuesday. Ensign Energy Services Inc. has a twelve month low of C$2.07 and a twelve month high of C$3.52. The firm has a market cap of C$534.48 million, a PE ratio of 24.25, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The business has a fifty day simple moving average of C$3.05 and a two-hundred day simple moving average of C$2.75. 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 (TSE:ESI) last released its quarterly earnings data on Friday, November 1st. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%. During the same period in the prior year, the company earned ($0.03) earnings per share. Analysts expect that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ESI has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on Ensign Energy Services from C$3.25 to C$3.50 in a research report on Monday, November 4th. TD Securities downgraded Ensign Energy Services from a “buy” rating to a “hold” rating and cut their price objective for the company from C$3.25 to C$3.00 in a research report on Monday. Finally, ATB Capital lifted their target price on 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$3.67.

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.