Ensign Energy Services (TSE:ESI) Price Target Lowered to C$3.00 at BMO Capital Markets

Ensign Energy Services (TSE:ESI) had its price target reduced by BMO Capital Markets from C$3.50 to C$3.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 55.44% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. CIBC dropped their price target on Ensign Energy Services from C$3.75 to C$3.25 in a report on Thursday, April 10th. Atb Cap Markets downgraded shares of Ensign Energy Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 10th. Finally, TD Securities cut their target price on shares of Ensign Energy Services from C$2.75 to C$2.25 and set a “hold” rating on the stock in a research note on Wednesday.

Ensign Energy Services Price Performance

ESI stock traded up C$0.02 during trading hours on Thursday, hitting C$1.93. 156,862 shares of the stock traded hands, compared to its average volume of 268,668. The company has a current ratio of 0.98, a quick ratio of 1.30 and a debt-to-equity ratio of 84.02. The stock has a 50-day simple moving average of C$2.44 and a 200 day simple moving average of C$2.77. Ensign Energy Services has a one year low of C$1.73 and a one year high of C$3.52. The company has a market cap of C$356.46 million, a P/E ratio of 11.28, a P/E/G ratio of 202.94 and a beta of 3.05.

Insider Activity

In other Ensign Energy Services news, Director Cary A. Moomjian Jr. purchased 10,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were bought at an average cost of C$2.97 per share, with a total value of C$29,694.00. Also, Senior Officer Robert Harold Geddes acquired 50,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of C$2.17 per share, for a total transaction of C$108,500.00. In the last quarter, insiders have purchased 80,000 shares of company stock valued at $179,329. 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.