Ensign Energy Services (TSE:ESI) Stock Passes Above 200-Day Moving Average – What’s Next?

Ensign Energy Services Inc. (TSE:ESI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.33 and traded as high as C$4.33. Ensign Energy Services shares last traded at C$4.27, with a volume of 260,437 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ESI shares. Royal Bank Of Canada increased their target price on Ensign Energy Services from C$3.50 to C$4.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 14th. ATB Cormark Capital Markets upgraded Ensign Energy Services from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$4.00 to C$5.00 in a research report on Tuesday, May 12th. Finally, TD increased their target price on Ensign Energy Services from C$3.50 to C$3.75 and gave the stock a “hold” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$3.80.

Ensign Energy Services Price Performance

The company has a 50-day moving average of C$3.88 and a two-hundred day moving average of C$3.33. The stock has a market capitalization of C$787.18 million, a PE ratio of -14.72, a P/E/G ratio of 202.94 and a beta of 1.00. The company has a debt-to-equity ratio of 75.31, a current ratio of 1.31 and a quick ratio of 1.30.

Ensign Energy Services (TSE:ESI) last released its earnings results on Thursday, May 7th. The company reported C($0.06) earnings per share for the quarter. Ensign Energy Services had a negative return on equity of 4.13% and a negative net margin of 3.31%.The business had revenue of C$418.03 million for the quarter. Sell-side analysts predict that Ensign Energy Services Inc. will post 0.2901354 EPS for the current fiscal year.

Ensign Energy Services Company Profile

Ensign is a global leader in oilfield services, headquartered out of Calgary, Alberta, operating in Canada, the United States and internationally. We are one of the world’s top land-based drilling and well servicing contractors serving crude oil, natural gas, and geothermal operators. Our premium services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment and well servicing. Please visit our website at www.ensignenergy.com.