CIBC Lowers Ensign Energy Services (TSE:ESI) Price Target to C$3.25

Ensign Energy Services (TSE:ESI) had its target price cut by investment analysts at CIBC from C$3.75 to C$3.25 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 72.87% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets cut their price target on shares of Ensign Energy Services from C$4.25 to C$3.50 in a research note on Monday, March 10th. TD Securities dropped their price objective on shares of Ensign Energy Services from C$3.00 to C$2.75 and set a “hold” rating for the company in a report on Monday, March 10th.

Ensign Energy Services Stock Performance

Shares of ESI opened at C$1.88 on Thursday. Ensign Energy Services has a 12-month low of C$1.73 and a 12-month high of C$3.52. The company has a current ratio of 0.98, a quick ratio of 1.30 and a debt-to-equity ratio of 84.02. The company has a market cap of C$347.23 million, a PE ratio of 10.99, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The stock has a 50-day moving average price of C$2.50 and a 200-day moving average price of C$2.79.

Insider Activity

In related news, Senior Officer Robert Harold Geddes purchased 50,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were acquired at an average cost of C$2.17 per share, with a total value of C$108,500.00. Also, Director Cary A. Moomjian Jr. acquired 10,000 shares of the stock in a transaction on Monday, February 3rd. The stock was bought at an average price of C$2.97 per share, with a total value of C$29,694.00. In the last quarter, insiders purchased 80,000 shares of company stock valued at $179,329. Insiders own 44.90% of the company’s stock.

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.