Ensign Energy Services (TSE:ESI) Cut to Hold at TD Securities

Ensign Energy Services (TSE:ESI) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Monday,BayStreet.CA reports. They presently have a C$3.00 target price on the stock, down from their previous target price of C$3.25. TD Securities’ price target points to a potential upside of 1.01% from the stock’s current price.

A number of other equities research analysts have also recently commented on ESI. ATB Capital raised their price objective on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. BMO Capital Markets increased their target price on Ensign Energy Services from C$3.25 to C$3.50 in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Ensign Energy Services has an average rating of “Hold” and an average target price of C$3.67.

Ensign Energy Services Stock Performance

TSE:ESI traded down C$0.19 during midday trading on Monday, hitting C$2.97. The company’s stock had a trading volume of 230,859 shares, compared to its average volume of 301,806. Ensign Energy Services has a fifty-two week low of C$2.07 and a fifty-two week high of C$3.52. The firm’s 50 day moving average is C$3.06 and its 200-day moving average is C$2.75. The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30. The firm has a market cap of C$545.50 million, a P/E ratio of 24.75, a P/E/G ratio of 202.94 and a beta of 3.05.

Ensign Energy Services (TSE:ESI) last issued its quarterly earnings data on Friday, November 1st. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.01). Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. During the same quarter last year, the firm posted ($0.03) EPS. Equities analysts anticipate that Ensign Energy Services will post 0.2901354 earnings per share for the current fiscal year.

Insider Buying and Selling at Ensign Energy Services

In other Ensign Energy Services news, Senior Officer Robert Harold Geddes acquired 50,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average cost of C$2.90 per share, with a total value of C$146,160.00. Also, Senior Officer Brent John Conway sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of C$2.86, for a total value of C$100,100.00. 44.90% of the stock is currently owned by insiders.

About Ensign Energy Services

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.