Shares of Ensign Energy Services Inc. (TSE: ESI – Get a rating) received an average “moderate buy” rating from the eight brokerages that cover the company, MarketBeat reports. One research analyst rated the stock with a hold recommendation and six gave the company a buy recommendation. The 12-month average price target among brokers who have quoted the stock over the past year is C$5.68.
A number of research companies have weighed in on ESI. TD Securities lowered its target price on Ensign Energy Services shares from C$6.50 to C$6.00 and set a “speculative buy” rating on the stock in a Monday research note August 8. Royal Bank of Canada cut its price target on Ensign Energy Services shares from C$6.50 to C$6.00 and set an “outperform” rating for the stock in a research report from the Monday, August 8.
In related news, senior officer Michael Gray purchased 10,000 shares of the company in a trade that took place on Thursday, September 22. The shares were purchased at an average price of CA$2.52 per share, for a total transaction of CA$25,200.00. Following the acquisition, the insider now owns 10,000 shares of the company, valued at C$25,200.
Ensign Energy Services trades up 9.5%
ESI opened at C$2.30 on Wednesday. The company has a debt ratio of 115.57, a current ratio of 1.42 and a quick ratio of 1.23. The company’s 50-day simple moving average is C$2.94 and its 200-day simple moving average is C$3.50. Ensign Energy Services has a 1 year minimum of CA$1.40 and a 1 year maximum of CA$5.00. The company has a market cap of C$431.65 million and a price-to-earnings ratio of -3.42.
About Ensign Energy Services
Ensign Energy Services Inc, together with its subsidiaries, provides petroleum 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 services, as well as specialty drilling services, including horizontal, underbalanced, horizontal re-entry and oblique drilling for steam-assisted gravity drainage applications; and equipment and services.
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