Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Senior Officer Buys 50,000 Shares of Stock

Ensign Energy Services Inc. (TSE:ESI) Senior Officer Robert Harold Geddes bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of C$2.17 per share, with a total value of C$108,500.00.

Ensign Energy Services Stock Down 7.9 %

Shares of TSE ESI opened at C$1.97 on Friday. The firm has a market cap of C$363.85 million, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The company’s 50-day simple moving average is C$2.66 and its 200-day simple moving average is C$2.82. The company has a quick ratio of 1.30, a current ratio of 0.98 and a debt-to-equity ratio of 84.02. Ensign Energy Services Inc. has a 52-week low of C$1.86 and a 52-week high of C$3.52.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ESI. ATB Capital upped their price objective on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. TD Securities reduced their price target on Ensign Energy Services from C$3.00 to C$2.75 and set a “hold” rating for the company in a report on Monday, March 10th. Finally, BMO Capital Markets dropped their price objective on Ensign Energy Services from C$4.25 to C$3.50 in a report on Monday, March 10th.

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.