Ensign Energy Services (TSE:ESI) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Ensign Energy Services Inc. (TSE:ESI) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.39 and traded as high as C$4.24. Ensign Energy Services shares last traded at C$3.91, with a volume of 123,703 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank Of Canada boosted their price objective on Ensign Energy Services from C$3.50 to C$4.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 14th. ATB Cormark Capital Markets raised Ensign Energy Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$4.00 to C$5.00 in a research note on Tuesday, May 12th. Finally, TD boosted their price target 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 given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$3.80.

Ensign Energy Services Stock Performance

The company has a market cap of C$720.81 million, a PE ratio of -13.48, a PEG ratio of 202.94 and a beta of 1.00. The company has a debt-to-equity ratio of 75.31, a quick ratio of 1.30 and a current ratio of 1.31. The firm’s 50 day moving average is C$3.93 and its 200-day moving average is C$3.39.

Ensign Energy Services (TSE:ESI) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$418.03 million during the quarter. Ensign Energy Services had a negative net margin of 3.31% and a negative return on equity of 4.13%. On average, research analysts anticipate that Ensign Energy Services Inc. will post 0.2901354 earnings per share 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.