Ensign Energy Services Inc (ESI) Insider Acquires C$38,978.40 in Stock

Ensign Energy Services Inc (TSE:ESI) insider Michael Gray bought 5,232 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were bought at an average cost of C$7.45 per share, with a total value of C$38,978.40.

Ensign Energy Services Inc (TSE ESI) traded up C$0.04 during trading hours on Friday, hitting C$7.43. The stock had a trading volume of 339,290 shares, compared to its average volume of 276,499. The firm has a market cap of $1,170.00, a PE ratio of -7.90 and a beta of 0.72. Ensign Energy Services Inc has a twelve month low of C$5.95 and a twelve month high of C$9.69.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings data on Wednesday, November 8th. The company reported C($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.12) by C($0.11). Ensign Energy Services had a negative return on equity of 8.73% and a negative net margin of 14.78%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 20th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 19th. This represents a $0.48 annualized dividend and a dividend yield of 6.46%. Ensign Energy Services’s dividend payout ratio is currently -51.06%.

Several research firms recently commented on ESI. GMP Securities boosted their target price on Ensign Energy Services from C$7.50 to C$8.00 in a research note on Thursday. TD Securities cut Ensign Energy Services from a “buy” rating to a “hold” rating and set a C$7.50 target price for the company. in a research note on Monday, October 2nd. Royal Bank of Canada boosted their target price on Ensign Energy Services from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Friday, October 6th. Canaccord Genuity lowered their price objective on Ensign Energy Services from C$7.50 to C$7.25 in a research report on Tuesday, November 7th. Finally, Citigroup lowered their price objective on Ensign Energy Services from C$8.00 to C$7.00 in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$8.11.

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Ensign Energy Services Company Profile

Ensign Energy Services Inc is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. The Company’s oilfield services include drilling and well servicing, oil sands coring, directional services, underbalanced and managed pressure drilling, equipment rentals, wireline services and production testing/fracturing fluid (frac flowback) services.

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