Ensign Energy Services (TSE:ESI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Ensign Energy Services Inc. (TSE:ESI) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.67 and traded as high as C$3.37. Ensign Energy Services shares last traded at C$3.34, with a volume of 198,625 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. ATB Capital upped their target price on shares of Ensign Energy Services from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. TD Securities cut their price objective on shares of Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating on the stock in a report on Tuesday, October 8th. Finally, BMO Capital Markets raised their target price on Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$3.71.

Ensign Energy Services Stock Down 0.9 %

The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30. The stock has a market capitalization of C$607.95 million, a price-to-earnings ratio of 27.58, a PEG ratio of 202.94 and a beta of 3.05. The firm’s fifty day moving average is C$3.02 and its 200-day moving average is C$2.67.

Insider Transactions at Ensign Energy Services

In other Ensign Energy Services news, Senior Officer Brent John Conway sold 35,000 shares of Ensign Energy Services stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of C$2.86, for a total value of C$100,100.00. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of C$3.00, for a total value of C$75,000.00. Insiders own 44.90% of the company’s stock.

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.