Ensign Energy Services (TSE:ESI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Ensign Energy Services (TSE:ESI) had its price objective upped by stock analysts at BMO Capital Markets from C$3.25 to C$3.50 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 16.67% from the company’s current price.

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

Ensign Energy Services Stock Performance

Shares of Ensign Energy Services stock opened at C$3.00 on Monday. Ensign Energy Services has a 12 month low of C$1.94 and a 12 month high of C$3.06. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50. The stock has a market cap of C$551.01 million, a PE ratio of 25.00, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The business has a fifty day simple moving average of C$2.65 and a 200-day simple moving average of C$2.47.

Insider Activity

In related news, Senior Officer Michael Gray bought 11,000 shares of Ensign Energy Services stock in a transaction on Friday, August 9th. The shares were purchased at an average price of C$2.29 per share, for a total transaction of C$25,173.50. In related news, Senior Officer Michael Gray purchased 11,000 shares of Ensign Energy Services stock in a transaction dated Friday, August 9th. The stock was bought at an average price of C$2.29 per share, for a total transaction of C$25,173.50. Also, Director Donna Jeanne Carson acquired 17,443 shares of Ensign Energy Services stock in a transaction dated Wednesday, October 16th. The shares were purchased at an average cost of C$2.87 per share, with a total value of C$50,061.41. 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.