Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Senior Officer Acquires C$108,500.00 in Stock

Ensign Energy Services Inc. (TSE:ESI) Senior Officer Robert Harold Geddes acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average cost of C$2.17 per share, with a total value of C$108,500.00.

Ensign Energy Services Price Performance

Ensign Energy Services stock opened at C$1.97 on Friday. The company has a market capitalization of C$363.85 million, a PE ratio of 11.52, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The business has a 50 day simple moving average of C$2.66 and a 200 day simple moving average of C$2.82. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.98 and a quick ratio of 1.30. Ensign Energy Services Inc. has a one year low of C$1.86 and a one year high of C$3.52.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ESI shares. BMO Capital Markets cut their target price on shares of Ensign Energy Services from C$4.25 to C$3.50 in a research report on Monday, March 10th. TD Securities decreased their target price on Ensign Energy Services from C$3.00 to C$2.75 and set a “hold” rating for the company in a research note on Monday, March 10th. Finally, ATB Capital lifted their price target on Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th.

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.