Ensign Energy Services (OTCMKTS:ESVIF) Stock Price Up 0.6% – Time to Buy?

Ensign Energy Services Inc. (OTCMKTS:ESVIF)’s stock price was up 0.6% during mid-day trading on Thursday. The company traded as high as $3.31 and last traded at $3.28. Approximately 115,921 shares were traded during mid-day trading, an increase of 12% from the average session volume of 103,218 shares. The stock had previously closed at $3.26.

Analyst Upgrades and Downgrades

Separately, TD Securities raised Ensign Energy Services from a “hold” rating to a “buy” rating in a report on Tuesday, October 20th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Ensign Energy Services Trading Up 0.6%

The firm’s 50-day moving average price is $2.71 and its 200-day moving average price is $2.63.

About Ensign Energy Services

Ensign Energy Services Inc is a Canadian oilfield services company that provides drilling and well-servicing solutions to oil and natural gas producers. Its principal activities include contract land drilling, well servicing and completion-related services, supported by a fleet of drilling rigs, service rigs and associated equipment.

The company also provides directional drilling and other specialized services designed to support the construction, maintenance and re-entry of oil and gas wells.