Roger Lace Purchases 5,500 Shares of Ensign Energy Services Inc (ESI) Stock

Ensign Energy Services Inc (TSE:ESI) Director Roger Lace purchased 5,500 shares of Ensign Energy Services stock in a transaction dated Thursday, October 11th. The stock was bought at an average cost of C$5.81 per share, with a total value of C$31,955.00.

ESI stock opened at C$5.46 on Friday. Ensign Energy Services Inc has a 12 month low of C$5.29 and a 12 month high of C$7.83.

Ensign Energy Services (TSE:ESI) last released its earnings results on Tuesday, August 7th. The company reported C($0.23) EPS for the quarter, beating the consensus estimate of C($0.26) by C$0.03. Ensign Energy Services had a negative net margin of 14.78% and a negative return on equity of 8.73%. The business had revenue of C$263.06 million during the quarter, compared to analyst estimates of C$244.05 million.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Thursday, October 4th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 8.79%. The ex-dividend date of this dividend was Thursday, September 20th.

ESI has been the subject of a number of research analyst reports. Canaccord Genuity reduced their price target on shares of Ensign Energy Services from C$6.50 to C$6.00 in a research note on Tuesday, July 10th. GMP Securities raised shares of Ensign Energy Services from a “reduce” rating to a “hold” rating and upped their price target for the stock from C$5.00 to C$5.75 in a research note on Wednesday, August 8th. BMO Capital Markets reduced their price target on shares of Ensign Energy Services from C$7.50 to C$6.50 and set a “market perform” rating for the company in a research note on Wednesday, August 8th. Evercore lowered shares of Ensign Energy Services from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from C$7.00 to C$6.00 in a research note on Tuesday. Finally, CIBC reduced their price target on shares of Ensign Energy Services from C$9.50 to C$8.50 in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Ensign Energy Services has an average rating of “Hold” and a consensus price target of C$6.94.

Ensign Energy Services Company Profile

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services 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 coring and oil sands drilling services to the mining, and oil and natural gas industries.

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