Ensign Energy Services (TSE:ESI) Hits New 1-Year Low on Analyst Downgrade

Shares of Ensign Energy Services Inc. (TSE:ESI) reached a new 52-week low during mid-day trading on Monday after TD Securities lowered their price target on the stock from C$3.00 to C$2.75. TD Securities currently has a hold rating on the stock. Ensign Energy Services traded as low as C$2.06 and last traded at C$2.08, with a volume of 838740 shares. The stock had previously closed at C$2.25.

ESI has been the subject of a number of other research reports. ATB Capital raised their target price on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. BMO Capital Markets dropped their target price on shares of Ensign Energy Services from C$4.25 to C$3.50 in a report on Monday.

Insider Transactions at Ensign Energy Services

In other news, Director Cary A. Moomjian Jr. acquired 10,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of C$2.97 per share, for a total transaction of C$29,694.00. Corporate insiders own 44.90% of the company’s stock.

Ensign Energy Services Stock Performance

The company has a debt-to-equity ratio of 84.02, a quick ratio of 1.30 and a current ratio of 0.98. The company has a market capitalization of C$387.86 million, a P/E ratio of 12.28, a P/E/G ratio of 202.94 and a beta of 3.05. The business’s fifty day simple moving average is C$3.05 and its 200-day simple moving average is C$2.83.

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.