Ensign Energy Services (TSE:ESI) Hits New 52-Week High – Still a Buy?
by Teresa Graham · The Cerbat GemEnsign Energy Services Inc. (TSE:ESI – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$3.90 and last traded at C$3.82, with a volume of 322112 shares changing hands. The stock had previously closed at C$3.83.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada increased 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 research note on Tuesday, April 14th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$3.31.
Check Out Our Latest Stock Analysis on ESI
Ensign Energy Services Trading Up 1.8%
The company has a market cap of C$720.39 million, a price-to-earnings ratio of -18.62, a PEG ratio of 202.94 and a beta of 1.13. The company has a debt-to-equity ratio of 75.33, a quick ratio of 1.30 and a current ratio of 1.34. The business’s 50 day moving average price is C$3.58 and its 200-day moving average price is C$3.04.
Ensign Energy Services (TSE:ESI – Get Free Report) last announced its quarterly earnings data on Friday, March 6th. The company reported C($0.07) earnings per share (EPS) for the quarter. Ensign Energy Services had a negative net margin of 2.37% and a negative return on equity of 2.94%. The business had revenue of C$418.81 million during the quarter. On average, research analysts forecast that Ensign Energy Services Inc. will post 0.2901354 EPS 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.