Ensign Energy Services Inc. (TSE:ESI) Director Cary A. Moomjian Jr. Sells 142,000 Shares

Ensign Energy Services Inc. (TSE:ESI – Get Rating) Director Cary A. Moomjian Jr. sold 142,000 shares of the stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of C$4.44, for a total value of C$629,923.64. Following the transaction, the director now directly owns 348,762 shares of the company’s stock, valued at C$1,547,136.83.

TSE:ESI traded up C$0.25 during trading hours on Wednesday, reaching C$4.49. 1,394,532 shares of the company traded hands, compared to its average volume of 770,628. The firm’s 50-day moving average is C$2.96 and its 200-day moving average is C$2.26. The stock has a market cap of C$727.24 million and a P/E ratio of -4.58. The company has a debt-to-equity ratio of 122.21, a current ratio of 1.56 and a quick ratio of 1.30. Ensign Energy Services Inc. has a 1-year low of C$1.00 and a 1-year high of C$4.64.

Ensign Energy Services (TSE:ESI – Get Rating) last announced its earnings results on Friday, March 4th. The company reported C($0.18) EPS for the quarter, missing analysts’ consensus estimates of C($0.17) by C($0.01). The business had revenue of C$296.17 million during the quarter, compared to analysts’ expectations of C$300.65 million. As a group, research analysts predict that Ensign Energy Services Inc. will post -0.12 earnings per share for the current year.

A number of equities analysts have recently issued reports on the company. CIBC increased their target price on Ensign Energy Services from C$2.75 to C$3.25 in a research note on Thursday, March 3rd. Royal Bank of Canada raised Ensign Energy Services from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$3.25 to C$6.00 in a research note on Wednesday. Stifel Firstegy raised Ensign Energy Services from a “hold” rating to a “buy” rating in a research note on Sunday, March 27th. BMO Capital Markets increased their target price on Ensign Energy Services from C$3.50 to C$3.75 in a research note on Monday, March 14th. Finally, Raymond James raised Ensign Energy Services from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$2.20 to C$5.25 in a research note on Tuesday, April 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Ensign Energy Services currently has a consensus rating of “Buy” and an average price target of C$4.18.

About Ensign Energy Services (Get Rating)

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 other services.

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