Ensign Energy Services (TSE:ESI) Share Price Passes Above 200-Day Moving Average – Time to Sell?

by · The Cerbat Gem

Ensign Energy Services Inc. (TSE:ESI – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.31 and traded as high as C$2.57. Ensign Energy Services shares last traded at C$2.56, with a volume of 35,745 shares.

Analyst Ratings Changes

A number of brokerages recently issued reports on ESI. CIBC boosted their price target on Ensign Energy Services from C$2.50 to C$2.75 in a report on Wednesday, October 15th. Royal Bank Of Canada downgraded shares of Ensign Energy Services from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$2.50 to C$3.00 in a research note on Thursday, October 9th. Finally, Atb Cap Markets upgraded Ensign Energy Services to a “hold” rating in a report on Thursday, October 30th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Ensign Energy Services currently has a consensus rating of “Hold” and an average target price of C$3.30.

Check Out Our Latest Analysis on ESI

Ensign Energy Services Stock Performance

The company has a debt-to-equity ratio of 84.02, a quick ratio of 1.30 and a current ratio of 0.98. The business has a 50-day moving average price of C$2.50 and a 200 day moving average price of C$2.31. The stock has a market capitalization of C$469.16 million, a P/E ratio of -10.24, a PEG ratio of 202.94 and a beta of 1.63.

Ensign Energy Services (TSE:ESI – Get Free Report) last posted its quarterly earnings data on Friday, November 7th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$411.16 million for the quarter. Ensign Energy Services had a net margin of 1.86% and a return on equity of 2.37%. As a group, sell-side analysts forecast that Ensign Energy Services Inc. will post 0.2901354 EPS for the current fiscal year.

About Ensign Energy Services

(Get Free Report)

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.

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