Ensign Energy Services (TSE:ESI) Stock Crosses Above 200-Day Moving Average – Should You Sell?

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$2.47 and traded as high as C$3.29. Ensign Energy Services shares last traded at C$3.20, with a volume of 118,877 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ESI shares. ATB Capital reduced their target price on Ensign Energy Services from C$3.25 to C$3.00 and set a “sector perform” rating for the company in a report on Friday, December 19th. Royal Bank Of Canada lowered Ensign Energy Services from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$2.50 to C$3.00 in a report on Thursday, October 9th. BMO Capital Markets cut shares of Ensign Energy Services from an “outperform” rating to a “hold” rating and set a C$3.50 price objective on the stock. in a research report on Monday, December 15th. Atb Cap Markets upgraded Ensign Energy Services to a “hold” rating in a report on Thursday, October 30th. Finally, CIBC upped their target price on Ensign Energy Services from C$2.50 to C$2.75 in a research note on Wednesday, October 15th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$2.90.

Ensign Energy Services Trading Down 1.6%

The stock has a market cap of C$577.29 million, a PE ratio of -12.60, a price-to-earnings-growth ratio of 202.94 and a beta of 1.52. The company has a debt-to-equity ratio of 84.02, a quick ratio of 1.30 and a current ratio of 0.98. The firm has a 50-day moving average price of C$2.72 and a 200-day moving average price of C$2.48.

Ensign Energy Services (TSE:ESI) last announced its earnings results on Friday, November 7th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$411.16 million for the quarter. Ensign Energy Services had a net margin of 1.86% and a return on equity of 2.37%. As a group, equities analysts anticipate that Ensign Energy Services Inc. will post 0.2901354 EPS for the current fiscal year.

Ensign Energy Services Company Profile

Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs. The automated drilling rigs are built for improved safety and a reduced environmental footprint. Most of the company’s revenue is derived from the United States and Canada.