Ensign Energy Services Inc. (TSE:ESI – Get Rating) Senior Officer Michael Gray bought 10,000 shares of the stock in a transaction dated Thursday, September 22nd. The stock was purchased at an average price of C$2.52 per share, with a total value of C$25,200.00. Following the purchase, the insider now owns 10,000 shares in the company, valued at C$25,200.

Ensign Energy Services Stock Down 0.8 %

Shares of TSE ESI traded down C$0.02 during trading on Thursday, reaching C$2.49. The company had a trading volume of 159,917 shares, compared to its average volume of 579,456. Ensign Energy Services Inc. has a 12-month low of C$1.40 and a 12-month high of C$5.00. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 115.57. The business's 50-day moving average is C$2.98 and its 200 day moving average is C$3.51. The stock has a market cap of C$467.31 million and a PE ratio of -3.74.

Analysts Set New Price Targets

Several brokerages have commented on ESI. TD Securities lowered their price objective on Ensign Energy Services from C$6.50 to C$6.00 and set a "speculative buy" rating for the company in a research report on Monday, August 8th. Royal Bank of Canada lowered their price target on shares of Ensign Energy Services from C$6.50 to C$6.00 and set an "outperform" rating for the company in a research report on Monday, August 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$5.68.

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.

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