TD Securities Has Lowered Expectations for Ensign Energy Services (TSE:ESI) Stock Price

Ensign Energy Services (TSE:ESI) had its price objective dropped by equities researchers at TD Securities from C$2.75 to C$2.25 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 17.19% from the company’s current price.

Several other analysts have also recently issued reports on the stock. CIBC decreased their target price on shares of Ensign Energy Services from C$3.75 to C$3.25 in a research report on Thursday, April 10th. BMO Capital Markets decreased their price objective on Ensign Energy Services from C$4.25 to C$3.50 in a research report on Monday, March 10th.

Ensign Energy Services Trading Up 0.5 %

ESI stock opened at C$1.92 on Wednesday. The firm has a market cap of C$354.61 million, a PE ratio of 11.23, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The firm has a fifty day moving average price of C$2.41 and a 200 day moving average price of C$2.77. The company has a debt-to-equity ratio of 84.02, a quick ratio of 1.30 and a current ratio of 0.98. Ensign Energy Services has a fifty-two week low of C$1.73 and a fifty-two week high of C$3.52.

Insider Activity at Ensign Energy Services

In other Ensign Energy Services news, Senior Officer Robert Harold Geddes acquired 50,000 shares of Ensign Energy Services stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of C$2.17 per share, with a total value of C$108,500.00. Also, Director Cary A. Moomjian Jr. purchased 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was bought at an average price of C$2.97 per share, for a total transaction of C$29,694.00. Over the last quarter, insiders bought 80,000 shares of company stock worth $179,329. Company 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.