Insider Buying: Ensign Energy Services Inc. (TSE:ESI) Director Acquires 10,000 Shares of Stock

Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. acquired 10,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were bought at an average price of C$2.23 per share, with a total value of C$22,320.00.

Cary A. Moomjian Jr. also recently made the following trade(s):

• On Monday, February 3rd, Cary A. Moomjian Jr. bought 10,000 shares of Ensign Energy Services stock. The stock was purchased at an average cost of C$2.97 per share, for a total transaction of C$29,694.00.

Ensign Energy Services Price Performance

TSE:ESI traded down C$0.04 during mid-day trading on Thursday, reaching C$2.25. 141,913 shares of the company were exchanged, compared to its average volume of 292,564. 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 stock has a market cap of C$415.56 million, a PE ratio of 13.15, a PEG ratio of 202.94 and a beta of 3.05. Ensign Energy Services Inc. has a 12 month low of C$2.06 and a 12 month high of C$3.52. The company has a fifty day moving average of C$3.01 and a 200 day moving average of C$2.83.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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 report on Monday. BMO Capital Markets reduced their target price on Ensign Energy Services from C$4.25 to C$3.50 in a report on Monday. Finally, ATB Capital increased their price target on Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th.

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.