BMO Capital Markets Cuts Ensign Energy Services (TSE:ESI) Price Target to C$3.50

Ensign Energy Services (TSE:ESI) had its price objective trimmed by BMO Capital Markets from C$4.25 to C$3.50 in a report released on Monday,BayStreet.CA reports.

A number of other analysts also recently issued reports on ESI. TD Securities downgraded Ensign Energy Services from a “buy” rating to a “hold” rating and lowered their target price for the company from C$3.25 to C$3.00 in a research report on Monday, February 3rd. ATB Capital raised their target price on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th.

Ensign Energy Services Stock Up 3.2 %

Shares of ESI stock opened at C$2.29 on Monday. The company has a quick ratio of 1.30, a current ratio of 0.98 and a debt-to-equity ratio of 84.02. The company has a market capitalization of C$422.95 million, a price-to-earnings ratio of 13.39, a P/E/G ratio of 202.94 and a beta of 3.05. The firm has a fifty day moving average of C$3.02 and a 200-day moving average of C$2.83. Ensign Energy Services has a 12-month low of C$2.06 and a 12-month high of C$3.52.

Insider Buying and Selling at Ensign Energy Services

In other news, Director Cary A. Moomjian Jr. acquired 10,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average cost of C$2.97 per share, with a total value of C$29,694.00. Corporate insiders own 44.90% of the company’s stock.

Ensign Energy Services Company Profile

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.