Ensign Energy Services (TSE:ESI) Reaches New 52-Week High – Should You Buy?

Shares of Ensign Energy Services Inc. (TSE:ESI) reached a new 52-week high during trading on Thursday . The company traded as high as C$3.42 and last traded at C$3.42, with a volume of 131810 shares trading hands. The stock had previously closed at C$3.33.

Analysts Set New Price Targets

ESI has been the topic of a number of research reports. ATB Capital boosted their target price on Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday, December 10th. TD Securities lowered their price objective on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating on the stock in a research note on Tuesday, October 8th. Finally, BMO Capital Markets raised their target price on Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ensign Energy Services currently has an average rating of “Moderate Buy” and an average price target of C$3.71.

Ensign Energy Services Stock Up 1.5 %

The firm has a 50-day moving average of C$2.96 and a two-hundred day moving average of C$2.63. 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 company has a market capitalization of C$629.99 million, a PE ratio of 28.58, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05.

Insider Transactions at Ensign Energy Services

In other Ensign Energy Services news, Senior Officer Brent John Conway sold 35,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of C$2.86, for a total transaction of C$100,100.00. Also, Senior Officer Robert Harold Geddes acquired 50,400 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average cost of C$2.90 per share, with a total value of C$146,160.00. In the last ninety days, insiders acquired 74,593 shares of company stock worth $216,539. 44.90% of the stock is currently owned by company insiders.

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.