Ensign Energy Services (OTCMKTS:ESVIF) Trading Up 0.4% – Still a Buy?

Ensign Energy Services Inc. (OTCMKTS:ESVIF)’s stock price rose 0.4% on Monday . The stock traded as high as $1.80 and last traded at $1.7980. Approximately 16,729 shares traded hands during trading, a decline of 62% from the average daily volume of 43,659 shares. The stock had previously closed at $1.79.

Wall Street Analysts Forecast Growth

ESVIF has been the subject of a number of analyst reports. BMO Capital Markets downgraded Ensign Energy Services from an “outperform” rating to a “market perform” rating in a report on Monday, December 15th. Royal Bank Of Canada cut Ensign Energy Services to a “sector perform” rating in a research report on Thursday, October 9th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Ensign Energy Services currently has a consensus rating of “Hold”.

Ensign Energy Services Trading Up 0.4%

The firm’s fifty day moving average is $1.83 and its 200 day moving average is $1.72.

About Ensign Energy Services

Ensign Energy Services Inc is a Calgary-based oilfield services company specializing in contract drilling and well-servicing solutions for the global energy industry. Through its fleet of land rigs and ancillary service equipment, Ensign delivers turnkey drilling operations, including vertical, directional and horizontal drilling, as well as completions support.

The company’s service offerings encompass a broad spectrum of well-intervention activities, such as coiled-tubing, snubbing, well testing, wireline, and production logging.