Ensign Energy Services (TSE:ESI) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Ensign Energy Services Inc. (TSE:ESI - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

ESI has been the topic of several recent analyst reports. ATB Capital increased their price objective on shares of Ensign Energy Services from C$4.50 to C$5.50 in a report on Tuesday, December 10th. TD Securities decreased their price target on shares of Ensign Energy Services from C$3.50 to C$3.25 and set a "buy" rating on the stock in a research note on Tuesday, October 8th. Finally, BMO Capital Markets boosted their price objective on Ensign Energy Services from C$3.25 to C$3.50 in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$3.71.

Ensign Energy Services Price Performance

The firm has a market capitalization of C$607.95 million, a PE ratio of 27.58, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The stock's 50 day simple moving average is C$3.02 and its two-hundred day simple moving average is C$2.67. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97.

Insider Buying and Selling

In related news, Senior Officer Brent John Conway sold 35,000 shares of the firm's 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. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of C$3.00, for a total transaction of C$75,000.00. 44.90% of the stock is currently owned by company 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.