Ensign Energy Services (TSE:ESI) Shares Pass Above 200-Day Moving Average of $2.47

Shares of Ensign Energy Services Inc. (TSE:ESI - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.47 and traded as high as C$2.60. Ensign Energy Services shares last traded at C$2.59, with a volume of 164,693 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently commented on ESI shares. Stifel Nicolaus upped their price objective on Ensign Energy Services from C$2.50 to C$2.75 and gave the stock a "hold" rating in a research note on Monday, March 4th. CIBC lowered their price objective on Ensign Energy Services from C$4.00 to C$3.25 and set a "neutral" rating for the company in a research note on Tuesday, January 16th. ATB Capital lowered their price objective on Ensign Energy Services from C$7.00 to C$5.00 and set an "outperform" rating for the company in a research note on Friday, December 22nd. Royal Bank of Canada upped their price objective on Ensign Energy Services from C$3.75 to C$4.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Finally, BMO Capital Markets upped their price objective on Ensign Energy Services from C$3.00 to C$3.50 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Ensign Energy Services presently has an average rating of "Moderate Buy" and a consensus target price of C$4.06.

Ensign Energy Services Stock Performance

The company has a 50 day moving average price of C$2.34 and a 200-day moving average price of C$2.47. The company has a market cap of C$473.66 million, a P/E ratio of 11.77, a PEG ratio of 202.94 and a beta of 3.06. The company has a quick ratio of 1.30, a current ratio of 1.04 and a debt-to-equity ratio of 94.00.

Ensign Energy Services (TSE:ESI - Get Free Report) last announced its earnings results on Friday, March 1st. The company reported C$0.17 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.14. Ensign Energy Services had a return on equity of 3.21% and a net margin of 2.30%. The business had revenue of C$430.54 million during the quarter, compared to analysts' expectations of C$444.50 million. Equities analysts expect that Ensign Energy Services Inc. will post 0.3298969 EPS for the current fiscal year.

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.