Ensign Energy Services (TSE:ESI) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Ensign Energy Services Inc. (TSE:ESI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.39 and traded as high as C$2.55. Ensign Energy Services shares last traded at C$2.45, with a volume of 45,903 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ESI shares. BMO Capital Markets cut shares of Ensign Energy Services from an “outperform” rating to a “hold” rating and set a C$3.50 target price for the company. in a research report on Monday, December 15th. Royal Bank Of Canada downgraded Ensign Energy Services from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$2.50 to C$3.00 in a research report on Thursday, October 9th. ATB Capital lowered their target price on Ensign Energy Services from C$3.25 to C$3.00 and set a “sector perform” rating for the company in a research note on Friday, December 19th. CIBC boosted their price target on shares of Ensign Energy Services from C$2.50 to C$2.75 in a report on Wednesday, October 15th. Finally, Atb Cap Markets upgraded shares of Ensign Energy Services to a “hold” rating in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Ensign Energy Services currently has a consensus rating of “Hold” and a consensus price target of C$2.90.

Ensign Energy Services Price Performance

The company has a fifty day simple moving average of C$2.55 and a two-hundred day simple moving average of C$2.39. The company has a market cap of C$449.00 million, a price-to-earnings ratio of -9.80, a price-to-earnings-growth ratio of 202.94 and a beta of 1.57. The company has a quick ratio of 1.30, a current ratio of 0.98 and a debt-to-equity ratio of 84.02.

Ensign Energy Services (TSE:ESI) last issued its quarterly earnings data on Friday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$411.16 million for the quarter. Ensign Energy Services had a return on equity of 2.37% and a net margin of 1.86%. On average, equities research analysts anticipate that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current fiscal year.

Ensign Energy Services Company Profile

Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs. The automated drilling rigs are built for improved safety and a reduced environmental footprint. Most of the company’s revenue is derived from the United States and Canada.