TD Securities Cuts Ensign Energy Services (TSE:ESI) Price Target to C$2.75

Ensign Energy Services (TSE:ESI) had its price objective decreased by TD Securities from C$3.00 to C$2.75 in a research note published on Monday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other equities analysts have also weighed in on the company. ATB Capital lifted their price target on Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. BMO Capital Markets cut their price objective on Ensign Energy Services from C$4.25 to C$3.50 in a research report on Monday.

Ensign Energy Services Stock Up 3.2 %

ESI stock opened at C$2.29 on Monday. The firm’s fifty day moving average is C$3.02 and its 200 day moving average is C$2.83. The firm has a market cap of C$422.95 million, a PE ratio of 13.39, a P/E/G ratio of 202.94 and a beta of 3.05. Ensign Energy Services has a one year low of C$2.06 and a one 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.

Insider Transactions at Ensign Energy Services

In other news, Director Cary A. Moomjian Jr. purchased 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of C$2.97 per share, with a total value of C$29,694.00. 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.