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

by · The Markets Daily

Ensign Energy Services Inc. (TSE:ESI – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.34 and traded as high as C$2.88. Ensign Energy Services shares last traded at C$2.84, with a volume of 116,294 shares trading hands.

Analyst Ratings Changes

A number of research firms have issued reports on ESI. Royal Bank Of Canada cut Ensign Energy Services from a “moderate buy” rating to a “hold” rating and raised their target price for the company from C$2.50 to C$3.00 in a research note on Thursday, October 9th. Atb Cap Markets raised shares of Ensign Energy Services to a “hold” rating in a report on Thursday, October 30th. Finally, CIBC boosted their price target on shares of Ensign Energy Services from C$2.50 to C$2.75 in a research report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently 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’s 50-day moving average price is C$2.54 and its two-hundred day moving average price is C$2.34. The company has a market cap of C$520.48 million, a P/E ratio of -11.36, a price-to-earnings-growth ratio of 202.94 and a beta of 1.57. The company has a current ratio of 0.98, a quick ratio of 1.30 and a debt-to-equity ratio of 84.02.

Ensign Energy Services (TSE:ESI – Get Free Report) last released its earnings results on Friday, November 7th. The company reported C($0.02) EPS for the quarter. The business 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, equities analysts forecast that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current year.

Ensign Energy Services Company Profile

(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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