Ensign Energy Services (TSE:ESI) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Ensign Energy Services Inc. (TSE:ESI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.80 and traded as high as C$3.16. Ensign Energy Services shares last traded at C$3.16, with a volume of 284,214 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. ATB Capital upped their price objective on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. BMO Capital Markets increased their price target on Ensign Energy Services from C$3.25 to C$3.50 in a research report on Monday, November 4th. Finally, TD Securities downgraded Ensign Energy Services from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$3.25 to C$3.00 in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$3.67.

Ensign Energy Services Stock Performance

The company has a quick ratio of 1.30, a current ratio of 0.98 and a debt-to-equity ratio of 84.02. The firm has a 50-day moving average price of C$3.07 and a two-hundred day moving average price of C$2.80. The firm has a market cap of C$583.64 million, a PE ratio of 18.47, a P/E/G ratio of 202.94 and a beta of 3.05.

Insider Activity at Ensign Energy Services

In other Ensign Energy Services news, Senior Officer Robert Harold Geddes bought 50,400 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was bought at an average price of C$2.90 per share, with a total value of C$146,160.00. Also, Senior Officer Brent John Conway sold 35,000 shares of Ensign Energy Services stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$2.86, for a total transaction of C$100,100.00. 44.90% of the stock is owned by corporate insiders.

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.