Brent John Conway Sells 35,000 Shares of Ensign Energy Services Inc. (TSE:ESI) Stock

Ensign Energy Services Inc. (TSE:ESI) Senior Officer Brent John Conway sold 35,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of C$2.86, for a total transaction of C$100,100.00.

Ensign Energy Services Trading Down 4.2 %

Shares of ESI traded down C$0.12 during trading hours on Wednesday, reaching C$2.74. 503,394 shares of the company traded hands, compared to its average volume of 236,354. The firm has a market cap of C$503.26 million, a price-to-earnings ratio of 23.83, a PEG ratio of 202.94 and a beta of 3.05. Ensign Energy Services Inc. has a 12-month low of C$1.94 and a 12-month high of C$3.19. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50. The stock’s fifty day moving average price is C$2.84 and its 200 day moving average price is C$2.53.

Analysts Set New Price Targets

ESI has been the subject of a number of recent research reports. TD Securities cut their target price on shares of Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating for the company in a report on Tuesday, October 8th. BMO Capital Markets lifted their price objective on shares of Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$3.63.

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.