Ensign Energy Services (TSE:ESI) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Ensign Energy Services' stock price has surpassed its 200-day moving average, trading at C$2.45, which is above the average of C$2.17.
• The company's debt-to-equity ratio stands at 84.02, indicating a high level of debt relative to equity, along with a market capitalization of C$450.12 million.
• Ensign Energy Services provides a variety of drilling and well servicing solutions, utilizing proprietary automated drilling rigs to enhance operations.

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$2.17 and traded as high as C$2.46. Ensign Energy Services shares last traded at C$2.45, with a volume of 278,683 shares.

Ensign Energy Services Stock Up 1.2%

The company has a debt-to-equity ratio of 84.02, a quick ratio of 1.30 and a current ratio of 0.98. The firm has a market capitalization of C$450.12 million, a PE ratio of -12.25, a PEG ratio of 202.94 and a beta of 2.28. The company has a fifty day moving average price of C$2.22 and a 200-day moving average price of C$2.17.

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.

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