Ensign Energy Services (TSE:ESI) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Shares of Ensign Energy Services Inc. (TSE:ESI - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.71 and traded as high as C$3.36. Ensign Energy Services shares last traded at C$3.36, with a volume of 383,152 shares.

Wall Street Analyst Weigh In

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

Ensign Energy Services Stock Down 0.6 %

The company has a market capitalization of C$617.13 million, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The firm's fifty day simple moving average is C$3.05 and its two-hundred day simple moving average is C$2.71. The company has a current ratio of 0.97, a quick ratio of 1.30 and a debt-to-equity ratio of 87.50.

Ensign Energy Services (TSE:ESI - Get Free Report) last posted its earnings results on Friday, November 1st. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Ensign Energy Services had a return on equity of 1.63% and a net margin of 1.23%. During the same period last year, the firm posted ($0.03) EPS. Sell-side analysts anticipate that Ensign Energy Services Inc. will post 0.2901354 EPS for the current year.

Insider Buying and Selling at Ensign Energy Services

In other news, Senior Officer Brent John Conway sold 35,000 shares of Ensign Energy Services stock in a transaction 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 acquired 50,400 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average price of C$2.90 per share, for a total transaction of C$146,160.00. Company 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.