Cary A. Moomjian Jr. Purchases 10,000 Shares of Ensign Energy Services Inc. (TSE:ESI) Stock

Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. bought 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was purchased at an average price of C$2.97 per share, for a total transaction of C$29,694.00.

Ensign Energy Services Trading Up 2.4 %

Shares of Ensign Energy Services stock opened at C$2.98 on Wednesday. Ensign Energy Services Inc. has a 12-month low of C$2.07 and a 12-month high of C$3.52. The stock has a market cap of C$547.34 million, a P/E ratio of 24.83, a P/E/G 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 business’s 50 day moving average is C$3.05 and its 200-day moving average is C$2.76.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. BMO Capital Markets boosted their target price on Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. TD Securities cut Ensign Energy Services from a “buy” rating to a “hold” rating and cut their target price for the company from C$3.25 to C$3.00 in a research note on Monday. Finally, ATB Capital boosted their target price on Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$3.67.

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.