Ensign Energy Services (TSE:ESI) Sets New 12-Month Low – Should You Sell?

Ensign Energy Services Inc. (TSE:ESI) shares hit a new 52-week low on Friday . The company traded as low as C$1.86 and last traded at C$1.90, with a volume of 627808 shares trading hands. The stock had previously closed at C$2.14.

Analysts Set New Price Targets

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

Ensign Energy Services Stock Down 7.9 %

The stock has a market cap of C$363.85 million, a price-to-earnings ratio of 11.52, a PEG ratio of 202.94 and a beta of 3.05. The company has a quick ratio of 1.30, a current ratio of 0.98 and a debt-to-equity ratio of 84.02. The business’s fifty day moving average is C$2.69 and its two-hundred day moving average is C$2.82.

Insider Transactions at Ensign Energy Services

In related news, Senior Officer Robert Harold Geddes acquired 50,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average cost of C$2.17 per share, with a total value of C$108,500.00. Also, Director Cary A. Moomjian Jr. bought 10,000 shares of the business’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, for a total transaction of C$29,694.00. Over the last 90 days, insiders have purchased 70,000 shares of company stock valued at $160,514. 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.