Ensign Energy Services (OTCMKTS:ESVIF) Stock Price Breaks Above 200-Day Moving Average – What’s Next?

Ensign Energy Services Inc. (OTCMKTS:ESVIF)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $2.66 and traded as high as $2.8120. Ensign Energy Services shares last traded at $2.7847, with a volume of 114,755 shares traded.

Analyst Ratings Changes

Separately, TD Securities upgraded Ensign Energy Services from a “hold” rating to a “buy” rating in a research report on Tuesday, October 20th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Ensign Energy Services currently has an average rating of “Hold”.

Ensign Energy Services Price Performance

The company has a 50 day simple moving average of $2.74 and a 200-day simple moving average of $2.66.

About Ensign Energy Services

Ensign Energy Services Inc is a Canadian oilfield services company that provides contract drilling and well-servicing solutions to oil and natural gas producers. Its operations support the construction, maintenance, workover and completion of onshore wells.

The company operates a fleet of land-based drilling rigs and service rigs, along with related equipment and technical services. Its offerings include directional drilling, managed-pressure and underbalanced drilling, well servicing, and other specialized services designed to help energy companies develop and maintain producing properties.

Founded in 1987 and headquartered in Calgary, Alberta, Ensign has built an international operating presence serving customers in North America and other selected energy-producing regions.