In This Article:
In the last year, multiple insiders have substantially increased their holdings of Ensign Energy Services Inc. (TSE:ESI) stock, indicating that insiders' optimism about the company's prospects has increased.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Ensign Energy Services
The Last 12 Months Of Insider Transactions At Ensign Energy Services
The President Robert Geddes made the biggest insider purchase in the last 12 months. That single transaction was for CA$747k worth of shares at a price of CA$2.99 each. That means that even when the share price was higher than CA$2.52 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months Ensign Energy Services insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insiders At Ensign Energy Services Have Bought Stock Recently
Over the last quarter, Ensign Energy Services insiders have spent a meaningful amount on shares. We can see that Chief Financial Officer Michael Gray paid CA$81k for shares in the company. No-one sold. That shows some optimism about the company's future.
Insider Ownership Of Ensign Energy Services
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 27% of Ensign Energy Services shares, worth about CA$123m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Ensign Energy Services Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Ensign Energy Services. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ensign Energy Services. Our analysis shows 3 warning signs for Ensign Energy Services (1 is potentially serious!) and we strongly recommend you look at them before investing.