Ensign Energy Services (TSE:ESI) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

Ensign Energy Services Inc. (TSE:ESI – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.48 and traded as high as C$3.08. Ensign Energy Services shares last traded at C$3.00, with a volume of 179,957 shares traded.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. TD Securities decreased their price objective 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$3.63.

Read Our Latest Analysis on Ensign Energy Services

Ensign Energy Services Price Performance

The company has a market cap of C$551.01 million, a price-to-earnings ratio of 25.00, a P/E/G ratio of 202.94 and a beta of 3.05. The company’s 50-day simple moving average is C$2.73 and its 200-day simple moving average is C$2.48. The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30.

Insider Activity at Ensign Energy Services

In other Ensign Energy Services news, Director Donna Jeanne Carson bought 17,443 shares of Ensign Energy Services stock in a transaction dated Wednesday, October 16th. The stock was bought at an average cost of C$2.87 per share, for a total transaction of C$50,061.41. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$3.00, for a total transaction of C$75,000.00. Company insiders own 44.90% of the company’s stock.

Ensign Energy Services Company Profile

(Get Free Report)

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.

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