Ensign Energy Services (OTCMKTS:ESVIF) Stock Price Up 0.6% – Should You Buy?

Ensign Energy Services Inc. (OTCMKTS:ESVIF) shares were up 0.6% during trading on Thursday. The company traded as high as $3.31 and last traded at $3.28. 115,921 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 103,218 shares. The stock had previously closed at $3.26.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded Ensign Energy Services from a “hold” rating to a “buy” rating in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Ensign Energy Services Stock Performance

The business’s fifty day moving average price is $2.72 and its 200 day moving average price is $2.64.

About Ensign Energy Services

Ensign Energy Services Inc is a Canadian oilfield services company that provides contract drilling and well-servicing solutions to oil and natural gas producers. Its operations support the construction, maintenance, workover and completion of onshore wells.

The company operates a fleet of land-based drilling rigs and service rigs, along with related equipment and technical services. Its offerings include directional drilling, managed-pressure and underbalanced drilling, well servicing, and other specialized services designed to help energy companies develop and maintain producing properties.

Founded in 1987 and headquartered in Calgary, Alberta, Ensign has built an international operating presence serving customers in North America and other selected energy-producing regions.