Ensign Energy Services (TSE:ESI) Stock Price Passes Above 200-Day Moving Average of $3.17

Shares of Ensign Energy Services Inc. (TSE:ESI – Get Rating) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.17 and traded as high as C$3.92. Ensign Energy Services shares last traded at C$3.87, with a volume of 189,027 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ESI shares. TD Securities upped their price objective on shares of Ensign Energy Services from C$6.00 to C$6.50 and gave the stock a “buy” rating in a report on Monday, November 7th. Raymond James downgraded shares of Ensign Energy Services from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$6.00 to C$6.25 in a research note on Tuesday, November 8th. Stifel Firstegy downgraded shares of Ensign Energy Services from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. BMO Capital Markets upped their target price on shares of Ensign Energy Services from C$6.50 to C$7.00 in a research note on Monday, November 7th. Finally, Canaccord Genuity Group upped their target price on shares of Ensign Energy Services from C$3.00 to C$4.50 in a research note on Wednesday, November 16th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ensign Energy Services presently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.22.

Ensign Energy Services Stock Performance

The stock’s 50-day simple moving average is C$3.60 and its 200 day simple moving average is C$3.17. The company has a debt-to-equity ratio of 113.10, a quick ratio of 1.30 and a current ratio of 1.48. The company has a market capitalization of C$710.23 million and a PE ratio of -5.76.

Ensign Energy Services (TSE:ESI – Get Rating) last announced its quarterly earnings data on Friday, November 4th. The company reported C$0.11 EPS for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.10. The firm had revenue of C$432.55 million during the quarter, compared to analysts’ expectations of C$421.75 million. As a group, research analysts expect that Ensign Energy Services Inc. will post 0.4659714 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Robert Harold Geddes bought 10,000 shares of the stock in a transaction dated Tuesday, November 8th. The stock was acquired at an average price of C$3.66 per share, for a total transaction of C$36,600.00. Following the acquisition, the insider now owns 1,393,092 shares in the company, valued at approximately C$5,098,716.72.

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 services.