Ensign Energy Services Inc. (TSE:ESI)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.94 and traded as high as C$1.25. Ensign Energy Services shares last traded at C$1.23, with a volume of 568,045 shares trading hands.

A number of research analysts have recently weighed in on ESI shares. Canaccord Genuity increased their target price on shares of Ensign Energy Services from C$0.80 to C$1.25 and gave the company a “market perform” rating in a research report on Thursday, January 7th. BMO Capital Markets boosted their price objective on shares of Ensign Energy Services from C$1.25 to C$1.50 in a research note on Monday, March 8th. Atb Cap Markets raised shares of Ensign Energy Services from a “sector perform” rating to an “outperform” rating in a report on Monday. Raymond James lowered shares of Ensign Energy Services from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$1.25 to C$1.20 in a research report on Tuesday, March 30th. Finally, Stifel Firstegy upgraded shares of Ensign Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, January 7th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$1.15.

The company has a quick ratio of 1.28, a current ratio of 1.61 and a debt-to-equity ratio of 102.12. The business has a fifty day simple moving average of C$1.27 and a 200 day simple moving average of C$0.95. The company has a market cap of C$199.01 million and a price-to-earnings ratio of -2.51.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings results on Friday, March 5th. The company reported C($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.39) by C$0.27. The firm had revenue of C$201.27 million for the quarter, compared to analyst estimates of C$197.30 million. Equities analysts anticipate that Ensign Energy Services Inc. will post -0.9375609 EPS for the current fiscal year.

Ensign Energy Services Company Profile (TSE:ESI)

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the oil and natural gas industry 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 other services.

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