Ensign Energy Services (TSE:ESI) Hits New 1-Year High on Analyst Upgrade

Ensign Energy Services Inc. (TSE:ESI)’s share price hit a new 52-week high during mid-day trading on Monday after BMO Capital Markets raised their price target on the stock from C$3.25 to C$3.50. The stock traded as high as C$3.04 and last traded at C$3.02, with a volume of 116194 shares traded. The stock had previously closed at C$2.91.

Separately, TD Securities cut their price objective on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating on the stock in a research report on Tuesday, October 8th. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$3.63.

Insider Buying and Selling

In other news, Senior Officer Robert Harold Geddes sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$3.00, for a total transaction of C$75,000.00. In other news, Senior Officer Robert Harold Geddes sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$3.00, for a total value of C$75,000.00. Also, Director Donna Jeanne Carson purchased 17,443 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were acquired at an average price of C$2.87 per share, for a total transaction of C$50,061.41. 44.90% of the stock is currently owned by insiders.

Ensign Energy Services Price Performance

The business’s 50-day moving average price is C$2.65 and its 200 day moving average price is C$2.47. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50. The company has a market capitalization of C$551.01 million, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05.

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.