Ensign Energy Services (TSE:ESI) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Shares of Ensign Energy Services Inc. (TSE:ESI - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.78 and traded as high as C$3.07. Ensign Energy Services shares last traded at C$3.06, with a volume of 310,343 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ESI shares. TD Securities lowered Ensign Energy Services from a "buy" rating to a "hold" rating and lowered their price objective for the stock from C$3.25 to C$3.00 in a research report on Monday, February 3rd. ATB Capital boosted their target price on Ensign Energy Services from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Finally, BMO Capital Markets boosted their target price on Ensign Energy Services from C$3.25 to C$3.50 in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Ensign Energy Services presently has an average rating of "Hold" and an average price target of C$3.67.

Ensign Energy Services Price Performance

The firm has a market capitalization of C$543.00 million, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The business has a 50-day moving average of C$3.07 and a 200 day moving average of C$2.79. The company has a current ratio of 0.98, a quick ratio of 1.30 and a debt-to-equity ratio of 84.02.

Insider Buying and Selling 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 dated Tuesday, December 10th. The shares were purchased at an average price of C$2.90 per share, for a total transaction of C$146,160.00. Also, Director Cary A. Moomjian Jr. bought 10,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was acquired at an average price of C$2.97 per share, for a total transaction of C$29,694.00. 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.