BMO Capital Markets Forecasts Strong Price Appreciation for Ensign Energy Services (TSE:ESI) Stock

by · The Cerbat Gem

Ensign Energy Services (TSE:ESI – Get Free Report) had its target price upped by analysts at BMO Capital Markets from C$3.25 to C$3.50 in a research note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 15.89% from the company’s current price.

Separately, TD Securities dropped their target price on Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating on the stock in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$3.63.

Get Our Latest Stock Analysis on Ensign Energy Services

Ensign Energy Services Stock Up 3.8 %

Ensign Energy Services stock traded up C$0.11 during mid-day trading on Monday, hitting C$3.02. The company’s stock had a trading volume of 380,978 shares, compared to its average volume of 239,521. The firm’s 50 day moving average is C$2.63 and its 200 day moving average is C$2.46. The company has a market cap of C$554.68 million, a PE ratio of 25.17, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30. Ensign Energy Services has a 52-week low of C$1.94 and a 52-week high of C$3.06.

Ensign Energy Services (TSE:ESI – Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.04) by C$0.02. The firm had revenue of C$391.79 million during the quarter, compared to the consensus estimate of C$387.80 million. Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. On average, analysts anticipate that Ensign Energy Services will post 0.2901354 earnings per share for the current year.

Insider Activity

In related news, Director Donna Jeanne Carson acquired 17,443 shares of the stock in a transaction dated Wednesday, October 16th. The shares were acquired at an average price of C$2.87 per share, with a total value of C$50,061.41. In other news, Senior Officer Michael Gray acquired 11,000 shares of Ensign Energy Services stock in a transaction on Friday, August 9th. The stock was bought at an average price of C$2.29 per share, for a total transaction of C$25,173.50. Also, Director Donna Jeanne Carson bought 17,443 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were bought at an average price of C$2.87 per share, with a total value of C$50,061.41. In the last quarter, insiders have purchased 43,443 shares of company stock valued at $108,865. Insiders own 44.90% of the company’s stock.

Ensign Energy Services Company Profile

(Get Free Report)

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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