Ensign Energy Services (TSE:ESI) Stock Passes Above 200-Day Moving Average – Here’s Why

Ensign Energy Services Inc. (TSE:ESI)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.48 and traded as high as C$3.08. Ensign Energy Services shares last traded at C$3.00, with a volume of 179,957 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of Ensign Energy Services from C$3.25 to C$3.50 in a research report on Monday, November 4th. TD Securities decreased their price objective on shares of Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating for the company in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$3.63.

Ensign Energy Services Stock Down 1.6 %

The company has a debt-to-equity ratio of 87.50, a current ratio of 0.97 and a quick ratio of 1.30. The firm’s 50-day moving average price is C$2.73 and its 200 day moving average price is C$2.48. The firm has a market cap of C$551.01 million, a P/E ratio of 25.00, a PEG ratio of 202.94 and a beta of 3.05.

Insider Transactions at Ensign Energy Services

In other news, Senior Officer Robert Harold Geddes sold 25,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$3.00, for a total transaction of C$75,000.00. Also, Director Donna Jeanne Carson acquired 17,443 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were acquired at an average price of C$2.87 per share, for a total transaction of C$50,061.41. Corporate insiders own 44.90% of the company’s stock.

Ensign Energy Services Company Profile

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.