Ensign Energy Services (TSE:ESI) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Ensign Energy Services Inc. (TSE:ESI)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$3.65 and traded as high as C$3.73. Ensign Energy Services shares last traded at C$3.67, with a volume of 269,036 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ESI shares. TD lowered their price target on shares of Ensign Energy Services from C$3.75 to C$3.50 and set a “hold” rating on the stock in a report on Monday, July 13th. ATB Cormark Capital Markets raised shares of Ensign Energy Services from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$4.00 to C$5.00 in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Ensign Energy Services currently has a consensus rating of “Hold” and an average price target of C$3.75.

Ensign Energy Services Stock Performance

The stock has a market cap of C$663.66 million, a price-to-earnings ratio of -16.36, a P/E/G ratio of 202.94 and a beta of 1.09. The firm’s 50-day moving average is C$3.51 and its two-hundred day moving average is C$3.65. The company has a current ratio of 1.24, a quick ratio of 1.30 and a debt-to-equity ratio of 73.88.

Ensign Energy Services (TSE:ESI) last posted its quarterly earnings data on Friday, August 7th. The company reported C($0.07) earnings per share (EPS) for the quarter. Ensign Energy Services had a negative return on equity of 3.11% and a negative net margin of 2.45%.The firm had revenue of C$397.33 million during the quarter. As a group, sell-side analysts expect that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current year.

About Ensign Energy Services

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.