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Ensign Energy Services (TSE:ESI) Share Price Passes Above 200 Day Moving Average - Here's Why

Ensign Energy Services logo with Energy background

Key Points

  • Ensign Energy Services shares crossed above their 200-day moving average of C$2.21, reaching a high of C$2.29 during trading.
  • The company has a market capitalization of C$418.89 million and a P/E ratio of -11.40, indicating negative earnings.
  • Ensign provides a range of services including drilling, well servicing, and equipment rentals, utilizing proprietary automated drilling rigs to enhance efficiency.
  • Interested in Ensign Energy Services? Here are five stocks we like better.

Ensign Energy Services Inc. (TSE:ESI - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.21 and traded as high as C$2.29. Ensign Energy Services shares last traded at C$2.28, with a volume of 87,341 shares trading hands.

Ensign Energy Services Stock Performance

The firm has a market capitalization of C$398.68 million, a P/E ratio of -10.85, a PEG ratio of 202.94 and a beta of 2.28. The company has a quick ratio of 1.30, a current ratio of 0.98 and a debt-to-equity ratio of 84.02. The business has a 50-day moving average price of C$2.21 and a 200-day moving average price of C$2.19.

About Ensign Energy Services

(Get Free Report)

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.

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