Ensign Energy Services (TSE:ESI) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of Ensign Energy Services Inc. (TSE:ESI) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$3.55 and traded as high as C$3.58. Ensign Energy Services shares last traded at C$3.52, with a volume of 234,335 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. ATB Cormark Capital Markets raised shares of Ensign Energy Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$4.00 to C$5.00 in a research note on Tuesday, May 12th. TD reduced their price target on shares of Ensign Energy Services from C$3.75 to C$3.50 and set a “hold” rating on the stock in a research note on Monday, July 13th. Finally, Royal Bank Of Canada lifted their price objective on shares of Ensign Energy Services from C$3.50 to C$4.00 and gave the company a “sector perform” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$3.75.

Ensign Energy Services Stock Performance

The firm has a 50 day moving average of C$3.81 and a 200-day moving average of C$3.55. The company has a market cap of C$648.92 million, a P/E ratio of -12.14, a PEG ratio of 202.94 and a beta of 1.15. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 75.31.

Ensign Energy Services (TSE:ESI) last issued 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 net margin of 3.31% and a negative return on equity of 4.13%. The firm had revenue of C$418.03 million for the quarter. As a group, sell-side analysts anticipate 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.