Ensign Energy Services (TSE:ESI) Reaches New 12-Month High – Here’s What Happened

Shares of Ensign Energy Services Inc. (TSE:ESI) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.00 and last traded at C$3.99, with a volume of 137983 shares changing hands. The stock had previously closed at C$3.95.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lifted their price target on shares of Ensign Energy Services from C$3.50 to C$4.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Ensign Energy Services presently has an average rating of “Hold” and an average price target of C$3.31.

Ensign Energy Services Stock Performance

The stock’s 50-day moving average price is C$3.60 and its 200-day moving average price is C$3.07. The company has a debt-to-equity ratio of 75.33, a quick ratio of 1.30 and a current ratio of 1.34. The company has a market capitalization of C$716.71 million, a price-to-earnings ratio of -18.52, a P/E/G ratio of 202.94 and a beta of 1.28.

Ensign Energy Services (TSE:ESI) last posted its quarterly earnings results on Friday, March 6th. The company reported C($0.07) earnings per share (EPS) for the quarter. Ensign Energy Services had a negative net margin of 2.37% and a negative return on equity of 2.94%. The company had revenue of C$418.81 million for the quarter. As a group, equities research analysts expect that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current 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.