Ensign Energy Services (TSE:ESI) Price Target Lowered to C$2.25 at TD Securities

Ensign Energy Services (TSE:ESI - Get Free Report) had its target price lowered by equities researchers at TD Securities from C$2.75 to C$2.25 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. TD Securities' price objective suggests a potential upside of 20.32% from the company's current price.

Several other equities analysts have also recently weighed in on ESI. CIBC lowered their price objective on shares of Ensign Energy Services from C$3.75 to C$3.25 in a research report on Thursday, April 10th. BMO Capital Markets dropped their price target on Ensign Energy Services from C$4.25 to C$3.50 in a research report on Monday, March 10th.

Ensign Energy Services Trading Down 2.6 %

ESI stock traded down C$0.05 during mid-day trading on Wednesday, reaching C$1.87. 111,105 shares of the stock traded hands, compared to its average volume of 267,166. The stock's fifty day moving average is C$2.39 and its 200-day moving average is C$2.76. The company has a market cap of C$345.38 million, a P/E ratio of 10.93, a P/E/G ratio of 202.94 and a beta of 3.05. The company has a current ratio of 0.98, a quick ratio of 1.30 and a debt-to-equity ratio of 84.02. Ensign Energy Services has a 52-week low of C$1.73 and a 52-week high of C$3.52.

Insider Activity at Ensign Energy Services

In other news, Senior Officer Robert Harold Geddes purchased 50,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were bought at an average price of C$2.17 per share, with a total value of C$108,500.00. Also, Director Cary A. Moomjian Jr. bought 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of C$2.97 per share, for a total transaction of C$29,694.00. Over the last quarter, insiders have acquired 80,000 shares of company stock valued at $179,329. 44.90% of the stock is currently owned by corporate 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.