Ensign Energy Services (TSE:ESI) PT Lowered to C$3.25

Ensign Energy Services (TSE:ESI) had its price objective trimmed by TD Securities from C$3.50 to C$3.25 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, BMO Capital Markets dropped their price objective on shares of Ensign Energy Services from C$3.50 to C$3.25 in a report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ensign Energy Services has a consensus rating of Moderate Buy and a consensus price target of C$3.58.

Ensign Energy Services Stock Performance

Ensign Energy Services has a 52-week low of C$1.94 and a 52-week high of C$3.12. The firm has a market capitalization of C$517.95 million, a price-to-earnings ratio of 25.55, a PEG ratio of 202.94 and a beta of 3.05. 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 stock’s fifty day simple moving average is C$2.50 and its 200-day simple moving average is C$2.44.

Ensign Energy Services (TSE:ESI) last issued its earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate of C($0.04) by C$0.02. Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. The business had revenue of C$391.79 million for the quarter, compared to analysts’ expectations of C$387.80 million.

Insider Activity

In related news, Senior Officer Michael Gray acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of C$2.24 per share, for a total transaction of C$33,630.00. Corporate insiders own 44.90% of the company’s stock.

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.