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

Shares of Ensign Energy Services Inc. (TSE:ESI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.88 and traded as high as C$3.76. Ensign Energy Services shares last traded at C$3.63, with a volume of 434,378 shares.

Analyst Ratings Changes

ESI has been the topic of several research analyst reports. 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 report on Monday, December 15th. ATB Cormark Capital Markets decreased their price target on shares of 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. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$2.90.

Ensign Energy Services Trading Down 0.3%

The stock has a market cap of C$668.80 million, a PE ratio of -17.29, a PEG ratio of 202.94 and a beta of 1.37. The company’s fifty day moving average is C$3.49 and its 200-day moving average is C$2.88. The company has a debt-to-equity ratio of 75.33, a current ratio of 1.34 and a quick ratio of 1.30.

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

About Ensign Energy Services

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.