Ensign Energy Services Inc. (TSE:ESI) Receives Average Recommendation of “Moderate Buy” from Analysts

Ensign Energy Services Inc. (TSE:ESI) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$3.58.

ESI has been the subject of a number of research reports. TD Securities lowered their price objective on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating for the company in a research report on Tuesday, October 8th. BMO Capital Markets lowered their price target on shares of Ensign Energy Services from C$3.50 to C$3.25 in a research report on Friday, October 4th.

Ensign Energy Services Price Performance

The stock’s 50 day simple moving average is C$2.62 and its 200 day simple moving average is C$2.46. Ensign Energy Services has a 12-month low of C$1.94 and a 12-month high of C$3.02. The company has a market cap of C$534.48 million, a price-to-earnings ratio of 24.08, a PEG ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97.

Ensign Energy Services (TSE:ESI) last posted its quarterly earnings data on Friday, August 2nd. The company reported C($0.02) earnings per share for the quarter, beating the consensus estimate of C($0.04) by C$0.02. Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%. The firm had revenue of C$391.79 million during the quarter, compared to analysts’ expectations of C$387.80 million. As a group, equities analysts expect that Ensign Energy Services will post 0.2901354 earnings per share for the current year.

Insider Activity at Ensign Energy Services

In other Ensign Energy Services news, Senior Officer Michael Gray acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of C$2.24 per share, with a total value of C$33,630.00. In related news, Director Donna Jeanne Carson acquired 17,443 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was bought at an average price of C$2.87 per share, with a total value of C$50,061.41. Also, Senior Officer Michael Gray bought 15,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of C$2.24 per share, for a total transaction of C$33,630.00. In the last quarter, insiders have bought 43,443 shares of company stock valued at $108,865. 44.90% of the stock is owned by insiders.

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.