BMO Capital Markets Cuts Ensign Energy Services (TSE:ESI) Price Target to C$3.25

Ensign Energy Services (TSE:ESI) had its price objective dropped by investment analysts at BMO Capital Markets from C$3.50 to C$3.25 in a note issued to investors on Friday, BayStreet.CA reports.

Ensign Energy Services Price Performance

Ensign Energy Services has a 1 year low of C$1.94 and a 1 year high of C$3.16. The company has a quick ratio of 1.30, a current ratio of 0.97 and a debt-to-equity ratio of 87.50. The stock has a 50 day simple moving average of C$2.49 and a 200-day simple moving average of C$2.43. The stock has a market cap of C$479.38 million, a price-to-earnings ratio of 23.73, a PEG ratio of 202.94 and a beta of 3.05.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings data on Friday, August 2nd. The company reported C($0.02) EPS for the quarter, topping the consensus estimate of C($0.04) by C$0.02. Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%. The business had revenue of C$391.79 million for the quarter, compared to analyst estimates of C$387.80 million.

Insider Buying and Selling

In other Ensign Energy Services news, Senior Officer Michael Gray acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of C$2.24 per share, for a total transaction of C$33,630.00. Insiders own 44.90% of the company’s stock.

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.