Ensign Energy Services (TSE:ESI) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Ensign Energy Services shares have crossed above their 200-day moving average, with recent trading at C$2.57, marking a high of C$2.70 during the day.
• The company has a market capitalization of C$472.17 million and a PE ratio of -12.85, indicating potential concerns about profitability.
• Ensign Energy Services provides a wide range of oil and gas services, including drilling and well servicing, alongside its proprietary automated drilling rigs.

Ensign Energy Services Inc. (TSE:ESI - ) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.18 and traded as high as C$2.70. Ensign Energy Services shares last traded at C$2.57, with a volume of 218,455 shares traded.

Ensign Energy Services Trading Down 4.1%

The firm has a market capitalization of C$472.17 million, a PE ratio of -12.85, a P/E/G ratio of 202.94 and a beta of 2.07. 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 fifty day moving average of C$2.26 and a 200 day moving average of C$2.18.

About Ensign Energy Services

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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