Ensign Energy Services Inc. Senior Officer Makes Significant Stock Purchase

On December 10th, Robert Harold Geddes, a Senior Officer at Ensign Energy Services Inc. (TSE:ESI), purchased 50,400 shares of the company. The shares were acquired at an average price of C$2.90 each, totaling a significant investment of C$146,160.00.

In addition to this recent acquisition, Geddes was involved in another notable transaction. On November 5th, he sold 25,000 shares of Ensign Energy Services stock at an average price of C$3.00, resulting in a total sale value of C$75,000.00.

Ensign Energy Services Stock Performance

As of the latest trading session, shares of TSE:ESI opened at C$2.91 on Friday. Ensign Energy Services has a market capitalization of approximately C$534.48 million, with a price-to-earnings (P/E) ratio of 24.25. The stock exhibits a P/E growth (P/E/G) ratio of 202.94 and has a beta of 3.05, indicating a higher volatility compared to the market.

Over the past year, the stock reached a low of C$2.01 and a high of C$3.19. Its 50-day simple moving average stands at C$2.87, while the 200-day simple moving average is C$2.54. Additionally, the company maintains a debt-to-equity ratio of 87.50 and has current and quick ratios of 0.97 and 1.30, respectively.

Analyst Insights

Recent reports from various equity analysts have offered insights on Ensign Energy Services’ stock. TD Securities revised its price target downward from C$3.50 to C$3.25 while maintaining a "buy" rating on the stock as of October 8th. On November 4th, BMO Capital Markets increased its target price from C$3.25 to C$3.50. Furthermore, ATB Capital raised its price target significantly from C$4.50 to C$5.50 in a recent note.

An analysis by MarketBeat.com indicates that the stock currently holds an average rating of "Moderate Buy" with an average price target of C$3.71. Out of the analysts covering the stock, two have issued a hold rating, while four have stated a buy rating.

Company Overview

Ensign Energy Services Inc., together with its subsidiaries, specializes in providing oilfield services to the crude oil and natural gas sectors across Canada, the United States, and internationally. The services offered by the company include drilling shallow, intermediate, and deep wells, as well as specialized drilling services such as horizontal, underbalanced, horizontal re-entry, and slant drilling techniques specifically designed for steam-assisted gravity drainage applications.

Ensign, Energy, Stocks