Ensign Energy Services (TSE:ESI) Stock Passes Above 200-Day Moving Average of $2.30

Ensign Energy Services Inc. (TSE:ESI) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.30 and traded as high as C$2.32. Ensign Energy Services shares last traded at C$2.27, with a volume of 77,793 shares traded.

Analyst Ratings Changes

ESI has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Ensign Energy Services from C$2.50 to C$2.75 and gave the company a “hold” rating in a research report on Monday, March 4th. BMO Capital Markets increased their price target on shares of Ensign Energy Services from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research report on Monday, March 4th. Royal Bank of Canada decreased their price objective on shares of Ensign Energy Services from C$4.00 to C$3.50 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Finally, CIBC increased their target price on shares of Ensign Energy Services from C$3.25 to C$3.75 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ensign Energy Services has an average rating of “Moderate Buy” and an average target price of C$3.88.

Ensign Energy Services Price Performance

The business’s 50 day moving average price is C$2.49 and its two-hundred day moving average price is C$2.30. The company has a current ratio of 1.04, a quick ratio of 1.30 and a debt-to-equity ratio of 94.00. The stock has a market cap of C$415.14 million, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 202.94 and a beta of 3.10.

Ensign Energy Services (TSE:ESI) last announced its quarterly earnings data on Friday, March 1st. The company reported C$0.17 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.14. Ensign Energy Services had a net margin of 2.30% and a return on equity of 3.21%. The company had revenue of C$430.54 million during the quarter, compared to analyst estimates of C$444.50 million. As a group, sell-side analysts expect that Ensign Energy Services Inc. will post 0.1998433 earnings per share for the current fiscal year.

Ensign Energy Services Company Profile

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and services.