Michael Gray Acquires 6,750 Shares of Ensign Energy Services Inc. (TSE:ESI) Stock

Ensign Energy Services Inc. (TSE:ESI) Senior Officer Michael Gray purchased 6,750 shares of the stock in a transaction on Friday, November 8th. The shares were acquired at an average cost of C$3.01 per share, for a total transaction of C$20,317.50.

Ensign Energy Services Trading Down 2.3 %

Shares of TSE:ESI opened at C$3.02 on Friday. Ensign Energy Services Inc. has a 12-month low of C$1.94 and a 12-month high of C$3.15. The stock has a market cap of C$554.68 million, a PE ratio of 25.17, a P/E/G ratio of 202.94 and a beta of 3.05. The business has a 50 day moving average of C$2.67 and a 200-day moving average of C$2.47. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50.

Analysts Set New Price Targets

ESI has been the subject of a number of research analyst reports. BMO Capital Markets boosted their price objective on Ensign Energy Services from C$3.25 to C$3.50 in a report on Monday, November 4th. TD Securities reduced their price objective on 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. Two research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.