Ensign Energy Services (TSE:ESI) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Ensign Energy Services Inc. (TSE:ESI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.25 and traded as high as C$2.45. Ensign Energy Services shares last traded at C$2.42, with a volume of 124,418 shares traded.

Analyst Ratings Changes

ESI has been the subject of a number of research analyst reports. Atb Cap Markets raised Ensign Energy Services to a “hold” rating in a report on Thursday, October 30th. Royal Bank Of Canada cut shares of Ensign Energy Services from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$2.50 to C$3.00 in a report on Thursday, October 9th. Finally, CIBC increased their target price on shares of Ensign Energy Services from C$2.50 to C$2.75 in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Ensign Energy Services has a consensus rating of “Hold” and a consensus target price of C$3.30.

Ensign Energy Services Stock Performance

The stock has a market cap of C$444.61 million, a PE ratio of -12.10, a P/E/G ratio of 202.94 and a beta of 1.63. The firm’s 50-day moving average is C$2.43 and its 200 day moving average is C$2.25. The company has a debt-to-equity ratio of 84.02, a quick ratio of 1.30 and a current ratio of 0.98.

About Ensign Energy Services

Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs.