Michael Gray Purchases 25,000 Shares of Ensign Energy Services Inc. (TSE:ESI) Stock

Ensign Energy Services Inc. (TSE:ESI) Senior Officer Michael Gray acquired 25,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of C$1.97 per share, with a total value of C$49,370.00.

Ensign Energy Services Price Performance

TSE ESI remained flat at C$1.96 during trading hours on Tuesday. The company had a trading volume of 80,652 shares, compared to its average volume of 232,225. The stock has a market cap of C$362.00 million, a P/E ratio of 11.46, a price-to-earnings-growth 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. Ensign Energy Services Inc. has a one year low of C$1.73 and a one year high of C$3.52. The business’s 50-day moving average is C$2.02 and its 200-day moving average is C$2.61.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ESI shares. Atb Cap Markets lowered shares of Ensign Energy Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 10th. BMO Capital Markets reduced their price objective on Ensign Energy Services from C$3.50 to C$3.00 in a research report on Thursday, April 17th. Royal Bank of Canada dropped their target price on Ensign Energy Services from C$3.50 to C$2.50 and set an “outperform” rating on the stock in a report on Thursday, April 17th. CIBC reduced their price target on Ensign Energy Services from C$3.75 to C$3.25 in a report on Thursday, April 10th. Finally, TD Securities dropped their price target 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, April 16th.

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.