Ensign Energy Services (TSE:ESI) Downgraded to “Hold” Rating by TD Securities

TD Securities downgraded shares of Ensign Energy Services (TSE:ESI) from a buy rating to a hold rating in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has C$3.00 target price on the stock, down from their prior target price of C$3.25.

A number of other equities analysts have also recently commented on the company. BMO Capital Markets raised their target price on Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. ATB Capital raised their target price on Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$3.67.

Ensign Energy Services Price Performance

TSE ESI opened at C$2.91 on Monday. Ensign Energy Services has a 1-year low of C$2.07 and a 1-year high of C$3.52. The business’s fifty day moving average price is C$3.05 and its 200-day moving average price is C$2.75. The stock has a market capitalization of C$534.48 million, a price-to-earnings ratio of 24.25, a PEG ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30.

Ensign Energy Services (TSE:ESI) last announced its earnings results on Friday, November 1st. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.01). Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, equities analysts predict that Ensign Energy Services will post 0.2901354 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Cary A. Moomjian Jr. acquired 10,000 shares of the business’s stock in a transaction dated 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. Also, Senior Officer Brent John Conway sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$2.86, for a total value of C$100,100.00. In the last quarter, insiders acquired 67,150 shares of company stock worth $196,172. Corporate 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.