Ensign Energy Services (TSE:ESI) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Ensign Energy Services Inc. (TSE:ESI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.71 and traded as high as C$3.36. Ensign Energy Services shares last traded at C$3.36, with a volume of 383,152 shares trading hands.

Wall Street Analyst Weigh In

ESI has been the subject of several analyst reports. ATB Capital upped their target price on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. BMO Capital Markets upped their target price on shares of Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. Finally, TD Securities decreased their target price on shares of Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$3.71.

Ensign Energy Services Stock Down 0.6 %

The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50. The stock has a market capitalization of C$617.13 million, a P/E ratio of 28.00, a P/E/G ratio of 202.94 and a beta of 3.05. The stock’s 50 day simple moving average is C$3.05 and its 200 day simple moving average is C$2.71.

Ensign Energy Services (TSE:ESI) last posted its quarterly earnings data on Friday, November 1st. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.01). Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%. During the same quarter in the prior year, the company earned ($0.03) EPS. As a group, research analysts predict that Ensign Energy Services Inc. will post 0.2901354 EPS for the current fiscal year.

Insider Buying and Selling at Ensign Energy Services

In other Ensign Energy Services news, Senior Officer Robert Harold Geddes sold 25,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$3.00, for a total transaction of C$75,000.00. Also, Senior Officer Brent John Conway sold 35,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of C$2.86, for a total transaction of C$100,100.00. 44.90% of the stock is currently owned by 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.