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

Ensign Energy Services Inc. (TSE:ESI) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.39 and traded as high as C$2.55. Ensign Energy Services shares last traded at C$2.45, with a volume of 45,903 shares trading hands.

Analyst Upgrades and Downgrades

ESI has been the topic of several recent analyst reports. ATB Capital decreased their price objective on shares of Ensign Energy Services from C$3.25 to C$3.00 and set a “sector perform” rating on the stock in a report on Friday, December 19th. Atb Cap Markets raised Ensign Energy Services to a “hold” rating in a research report on Thursday, October 30th. CIBC raised their price target on Ensign Energy Services from C$2.50 to C$2.75 in a research report on Wednesday, October 15th. Royal Bank Of Canada cut Ensign Energy Services from a “moderate buy” rating to a “hold” rating and lifted their price objective for the company from C$2.50 to C$3.00 in a research note on Thursday, October 9th. Finally, BMO Capital Markets lowered Ensign Energy Services from an “outperform” rating to a “hold” rating and set a C$3.50 target price on the stock. in a research note on Monday, December 15th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Ensign Energy Services currently has an average rating of “Hold” and a consensus target price of C$2.90.

Ensign Energy Services Trading Down 1.6%

The company’s 50 day simple moving average is C$2.55 and its 200 day simple moving average is C$2.39. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.98 and a quick ratio of 1.30. The firm has a market cap of C$449.00 million, a price-to-earnings ratio of -9.80, a P/E/G ratio of 202.94 and a beta of 1.57.

Ensign Energy Services (TSE:ESI) last released its earnings results on Friday, November 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. Ensign Energy Services had a net margin of 1.86% and a return on equity of 2.37%. The company had revenue of C$411.16 million during the quarter. As a group, research 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 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.