Ensign Energy Services (TSE:ESI) Stock Crosses Above 200-Day Moving Average of $2.42

Ensign Energy Services Inc. (TSE:ESI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.42 and traded as high as C$2.70. Ensign Energy Services shares last traded at C$2.68, with a volume of 63,673 shares traded.

Ensign Energy Services Stock Performance

The firm’s fifty day moving average price is C$2.45 and its 200-day moving average price is C$2.42. The company has a market cap of C$492.24 million, a P/E ratio of 24.36, a P/E/G ratio of 202.94 and a beta of 3.05. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50.

Ensign Energy Services (TSE:ESI) last released its earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02. The business had revenue of C$391.79 million for the quarter, compared to the consensus estimate of C$387.80 million. Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. As a group, research analysts forecast that Ensign Energy Services Inc. will post 0.2949886 EPS for the current fiscal year.

Insider Activity

In other Ensign Energy Services news, Senior Officer Michael Gray acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of C$2.24 per share, for a total transaction of C$33,630.00. 26.80% of the stock is currently owned by company insiders.

Ensign Energy Services Company Profile

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and services.