Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Senior Officer Buys 50,400 Shares of Stock

Ensign Energy Services Inc. (TSE:ESI) Senior Officer Robert Harold Geddes purchased 50,400 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of C$2.90 per share, for a total transaction of C$146,160.00.

Robert Harold Geddes also recently made the following trade(s):

• On Tuesday, November 5th, Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock. The shares were sold at an average price of C$3.00, for a total value of C$75,000.00.

Ensign Energy Services Price Performance

TSE ESI opened at C$2.91 on Friday. The firm’s 50 day moving average is C$2.87 and its 200-day moving average is C$2.54. 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$534.48 million, a PE ratio of 24.25, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. Ensign Energy Services Inc. has a 12-month low of C$2.01 and a 12-month high of C$3.19.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. TD Securities cut their price objective on shares of 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. Finally, ATB Capital increased their target price on Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Ensign Energy Services has a consensus rating of “Moderate Buy” and an average target price of C$3.71.

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.