Ensign Energy Services (TSE:ESI) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Ensign Energy Services Inc. (TSE:ESI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.26 and traded as high as C$4.31. Ensign Energy Services shares last traded at C$4.09, with a volume of 442,329 shares.

Analyst Ratings Changes

ESI has been the topic of a number of analyst reports. ATB Cormark Capital Markets raised Ensign Energy Services from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$4.00 to C$5.00 in a research report on Tuesday, May 12th. Royal Bank Of Canada increased their price target on Ensign Energy Services from C$3.50 to C$4.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 14th. Finally, TD increased their price target on Ensign Energy Services from C$3.50 to C$3.75 and gave the stock a “hold” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$3.80.

Ensign Energy Services Stock Performance

The company has a 50 day moving average price of C$3.83 and a 200-day moving average price of C$3.27. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 75.31. The company has a market cap of C$772.43 million, a P/E ratio of -14.45, a price-to-earnings-growth ratio of 202.94 and a beta of 1.28.

Ensign Energy Services (TSE:ESI) last issued its quarterly earnings results on Thursday, May 7th. The company reported C($0.06) earnings per share (EPS) for the quarter. Ensign Energy Services had a negative net margin of 3.31% and a negative return on equity of 4.13%. The business had revenue of C$418.03 million during the quarter. On average, equities analysts expect that Ensign Energy Services Inc. will post 0.2901354 earnings per share for the current fiscal year.

Ensign Energy Services Company Profile

Ensign is a global leader in oilfield services, headquartered out of Calgary, Alberta, operating in Canada, the United States and internationally. We are one of the world’s top land-based drilling and well servicing contractors serving crude oil, natural gas, and geothermal operators. Our premium services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment and well servicing. Please visit our website at www.ensignenergy.com.