Ensign Energy Services (TSE:ESI) Share Price Crosses Above 200-Day Moving Average of $2.42

Ensign Energy Services Inc. (TSE:ESI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.42 and traded as high as C$2.70. Ensign Energy Services shares last traded at C$2.68, with a volume of 63,673 shares trading hands.

Ensign Energy Services Stock Up 0.8 %

The stock has a market capitalization of C$492.24 million, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05. The firm has a 50 day simple moving average of C$2.45 and a 200-day simple moving average of C$2.42. The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30.

Ensign Energy Services (TSE:ESI) last announced its earnings results on Friday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02. The business had revenue of C$391.79 million during the quarter, compared to analysts’ expectations of C$387.80 million. Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%. On average, sell-side analysts forecast that Ensign Energy Services Inc. will post 0.2949886 EPS for the current fiscal year.

Insider Transactions at Ensign Energy Services

In other Ensign Energy Services news, Senior Officer Michael Gray bought 15,000 shares of Ensign Energy Services stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of C$2.24 per share, with a total value of C$33,630.00. Company insiders own 26.80% of the company’s stock.

About Ensign Energy Services

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and services.