Ensign Energy Services (TSE:ESI) Stock Rating Lowered by TD Securities

TD Securities downgraded shares of Ensign Energy Services (TSE:ESI) from a buy rating to a hold rating in a research report sent to investors on Monday, Marketbeat.com reports. TD Securities currently has C$3.00 price target on the stock, down from their prior price target of C$3.25.

A number of other equities research analysts have also weighed in on the company. BMO Capital Markets boosted their price target on Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. ATB Capital boosted their target price on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$3.67.

Ensign Energy Services Stock Performance

Shares of ESI stock opened at C$2.97 on Monday. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50. The company has a market cap of C$545.50 million, a PE ratio of 24.75, a PEG ratio of 202.94 and a beta of 3.05. Ensign Energy Services has a 12-month low of C$2.09 and a 12-month high of C$3.52. The business’s fifty day simple moving average is C$3.05 and its 200-day simple moving average is C$2.76.

Insider Buying and Selling at Ensign Energy Services

In related news, Senior Officer Brent John Conway sold 35,000 shares of Ensign Energy Services stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of C$2.86, for a total value of C$100,100.00. Also, Director Cary A. Moomjian Jr. purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average price of C$2.97 per share, with a total value of C$29,694.00. In the last ninety days, insiders acquired 67,150 shares of company stock worth $196,172. Company insiders own 44.90% of the company’s stock.

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.