Ensign Energy Services (OTCMKTS:ESVIF) Shares Down 0.9% – Here’s Why

Ensign Energy Services Inc. (OTCMKTS:ESVIF)’s stock price dropped 0.9% on Thursday . The stock traded as low as $2.35 and last traded at $2.3810. 638,669 shares traded hands during mid-day trading, an increase of 459% from the average session volume of 114,297 shares. The stock had previously closed at $2.4020.

Analyst Upgrades and Downgrades

ESVIF has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ensign Energy Services in a research report on Friday, May 8th. TD Securities reissued a “hold” rating on shares of Ensign Energy Services in a research report on Friday, May 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Ensign Energy Services in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Ensign Energy Services Price Performance

The stock has a 50-day moving average price of $2.80 and a 200-day moving average price of $2.54.

Ensign Energy Services Company Profile

Ensign Energy Services Inc is a Calgary-based oilfield services company specializing in contract drilling and well-servicing solutions for the global energy industry. Through its fleet of land rigs and ancillary service equipment, Ensign delivers turnkey drilling operations, including vertical, directional and horizontal drilling, as well as completions support.

The company’s service offerings encompass a broad spectrum of well-intervention activities, such as coiled-tubing, snubbing, well testing, wireline, and production logging.