Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Director Buys 10,000 Shares of Stock

Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. bought 10,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of C$2.23 per share, with a total value of C$22,320.00.

Cary A. Moomjian Jr. also recently made the following trade(s):

• On Monday, February 3rd, Cary A. Moomjian Jr. purchased 10,000 shares of Ensign Energy Services stock. The shares were acquired at an average cost of C$2.97 per share, for a total transaction of C$29,694.00.

Ensign Energy Services Stock Up 1.8 %

ESI stock opened at C$2.29 on Friday. The stock has a market cap of C$422.95 million, a P/E ratio of 13.39, a PEG ratio of 202.94 and a beta of 3.05. The company has a current ratio of 0.98, a quick ratio of 1.30 and a debt-to-equity ratio of 84.02. Ensign Energy Services Inc. has a twelve month low of C$2.06 and a twelve month high of C$3.52. The company’s 50 day moving average is C$2.99 and its two-hundred day moving average is C$2.82.

Analysts Set New Price Targets

Several brokerages have commented on ESI. ATB Capital raised their price target on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. BMO Capital Markets lowered their target price on Ensign Energy Services from C$4.25 to C$3.50 in a research note on Monday, March 10th. Finally, TD Securities reduced their target price on shares of Ensign Energy Services from C$3.00 to C$2.75 and set a “hold” rating on the stock 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.