Ensign Energy Services (OTCMKTS:ESVIF) Stock Passes Below 50-Day Moving Average – Here’s Why

Ensign Energy Services Inc. (OTCMKTS:ESVIFGet Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.76 and traded as low as $1.73. Ensign Energy Services shares last traded at $1.80, with a volume of 69,759 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada downgraded shares of Ensign Energy Services to a “sector perform” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Report on Ensign Energy Services

Ensign Energy Services Stock Up 4.8%

The firm’s fifty day moving average is $1.76 and its 200 day moving average is $1.64.

About Ensign Energy Services

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Ensign Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensign Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.