Ensign Energy Services (TSE:ESI) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Ensign Energy Services Inc. (TSE:ESI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.75 and traded as high as C$3.57. Ensign Energy Services shares last traded at C$3.50, with a volume of 214,118 shares changing hands.

Analysts Set New Price Targets

ESI has been the subject of several analyst reports. ATB Cormark Capital Markets cut their price target on Ensign Energy Services from C$3.25 to C$3.00 and set a “sector perform” rating for the company in a report on Friday, December 19th. BMO Capital Markets downgraded shares of Ensign Energy Services from an “outperform” rating to a “hold” rating and set a C$3.50 target price on the stock. in a research note on Monday, December 15th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$2.90.

Ensign Energy Services Trading Down 0.8%

The firm has a market capitalization of C$641.43 million, a price-to-earnings ratio of -14.00, a price-to-earnings-growth ratio of 202.94 and a beta of 1.37. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 75.33. The firm’s 50 day moving average is C$3.27 and its 200 day moving average is C$2.75.

Ensign Energy Services (TSE:ESI) last posted its quarterly earnings results on Friday, March 6th. The company reported C($0.07) earnings per share (EPS) for the quarter. Ensign Energy Services had a negative return on equity of 2.94% and a negative net margin of 2.37%.The business had revenue of C$418.81 million during the quarter. Equities analysts forecast that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current 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.