Ensign Energy Services (TSE:ESI) Reaches New 52-Week High – Time to Buy?

Ensign Energy Services Inc. (TSE:ESI)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$3.49 and last traded at C$3.49, with a volume of 176714 shares. The stock had previously closed at C$3.30.

Analyst Upgrades and Downgrades

ESI has been the subject of several recent research reports. ATB Capital cut their target price on shares of Ensign Energy Services from C$3.25 to C$3.00 and set a “sector perform” rating for the company in a research report on Friday, December 19th. BMO Capital Markets downgraded shares of Ensign Energy Services from an “outperform” rating to a “hold” rating and set a C$3.50 price objective for the company. in a research report on Monday, December 15th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Ensign Energy Services from C$2.50 to C$2.75 in a research note on Wednesday, October 15th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$2.90.

Ensign Energy Services Price Performance

The firm has a market cap of C$641.43 million, a PE ratio of -14.00, a P/E/G ratio of 202.94 and a beta of 1.60. The firm’s fifty day simple moving average is C$2.79 and its two-hundred day simple moving average is C$2.52. The company has a quick ratio of 1.30, a current ratio of 0.98 and a debt-to-equity ratio of 84.02.

Ensign Energy Services (TSE:ESI) last announced its quarterly earnings data on Friday, November 7th. The company reported C($0.02) EPS for the quarter. Ensign Energy Services had a net margin of 1.86% and a return on equity of 2.37%. The firm had revenue of C$411.16 million for the quarter. As a group, research analysts expect that Ensign Energy Services Inc. will post 0.2901354 EPS for the current year.

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. The automated drilling rigs are built for improved safety and a reduced environmental footprint. Most of the company’s revenue is derived from the United States and Canada.