Ensign Energy Services (OTCMKTS:ESVIF) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Ensign Energy Services Inc. (OTCMKTS:ESVIF)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.87 and traded as high as $2.74. Ensign Energy Services shares last traded at $2.7016, with a volume of 135,685 shares changing hands.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered Ensign Energy Services from an “outperform” rating to a “market perform” rating in a research report on Monday, December 15th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Ensign Energy Services Trading Down 5.4%

The stock’s 50 day simple moving average is $2.15 and its two-hundred day simple moving average is $1.88.

Ensign Energy Services Company Profile

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.