Ensign Energy Services (TSE:ESI) Reaches New 52-Week High on Analyst Upgrade

Shares of Ensign Energy Services Inc. (TSE:ESI) hit a new 52-week high during mid-day trading on Monday after BMO Capital Markets raised their price target on the stock from C$3.25 to C$3.50. The company traded as high as C$3.04 and last traded at C$3.02, with a volume of 116194 shares. The stock had previously closed at C$2.91.

Separately, TD Securities decreased their price target on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating on the stock in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$3.63.

Insider Activity at Ensign Energy Services

In related news, Senior Officer Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$3.00, for a total transaction of C$75,000.00. In related news, Senior Officer Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of C$3.00, for a total transaction of C$75,000.00. Also, Senior Officer Michael Gray acquired 11,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of C$2.29 per share, for a total transaction of C$25,173.50. 44.90% of the stock is owned by company insiders.

Ensign Energy Services Stock Down 1.0 %

The stock’s fifty day simple moving average is C$2.65 and its 200-day simple moving average is C$2.47. The stock has a market cap of C$551.01 million, a P/E ratio of 25.00, a P/E/G ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97.

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.