Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Director Buys 10,000 Shares of Stock

Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. purchased 10,000 shares of the business’s stock in a transaction on Monday, April 7th. The stock was purchased at an average cost of C$1.88 per share, with a total value of C$18,815.00.

Cary A. Moomjian Jr. also recently made the following trade(s):

• On Thursday, March 13th, Cary A. Moomjian Jr. bought 10,000 shares of Ensign Energy Services stock. The stock was bought at an average cost of C$2.23 per share, for a total transaction of C$22,320.00.
• On Monday, February 3rd, Cary A. Moomjian Jr. purchased 10,000 shares of Ensign Energy Services stock. The shares were purchased at an average cost of C$2.97 per share, with a total value of C$29,694.00.

Ensign Energy Services Stock Performance

ESI traded down C$0.02 during trading on Monday, hitting C$1.95. The company’s stock had a trading volume of 365,712 shares, compared to its average volume of 270,210. 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 business’s 50 day simple moving average is C$2.66 and its 200-day simple moving average is C$2.82. The firm has a market cap of C$360.16 million, a PE ratio of 11.40, a P/E/G ratio of 202.94 and a beta of 3.05. Ensign Energy Services Inc. has a one year low of C$1.80 and a one year high of C$3.52.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ESI shares. BMO Capital Markets cut their target price on Ensign Energy Services from C$4.25 to C$3.50 in a research note on Monday, March 10th. TD Securities dropped 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 report on Monday, March 10th. Finally, ATB Capital increased their price objective on Ensign Energy Services from C$4.50 to C$5.50 in a research note 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.