BMO Capital Markets Issues Pessimistic Forecast for Ensign Energy Services (TSE:ESI) Stock Price

Ensign Energy Services (TSE:ESI) had its price target dropped by analysts at BMO Capital Markets from C$4.25 to C$3.50 in a report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 65.88% from the company’s previous close.

A number of other brokerages have also issued reports on ESI. ATB Capital lifted their price target on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. TD Securities lowered shares of Ensign Energy Services from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$3.25 to C$3.00 in a research note on Monday, February 3rd.

Ensign Energy Services Price Performance

TSE:ESI traded down C$0.14 during mid-day trading on Monday, hitting C$2.11. 913,200 shares of the company’s stock traded hands, compared to its average volume of 292,369. The company has a market cap of C$389.71 million, a PE ratio of 12.34, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. Ensign Energy Services has a 1 year low of C$2.06 and a 1 year high of C$3.52. The company has a debt-to-equity ratio of 84.02, a quick ratio of 1.30 and a current ratio of 0.98. The firm’s 50 day simple moving average is C$3.05 and its 200 day simple moving average is C$2.83.

Insider Buying and Selling

In other news, Director Cary A. Moomjian Jr. bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average cost of C$2.97 per share, for a total transaction of C$29,694.00. Also, Senior Officer Robert Harold Geddes bought 50,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average price of C$2.90 per share, with a total value of C$146,160.00. Corporate insiders own 44.90% of the company’s stock.

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.