Ensign Energy Services (OTCMKTS:ESVIF) Trading Down 1% – What’s Next?

Ensign Energy Services Inc. (OTCMKTS:ESVIF)’s stock price was down 1% during trading on Friday . The company traded as low as $1.6835 and last traded at $1.71. Approximately 39,300 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 44,989 shares. The stock had previously closed at $1.7279.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada cut Ensign Energy Services to a “sector perform” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Ensign Energy Services currently has an average rating of “Hold”.

Ensign Energy Services Price Performance

The stock has a fifty day simple moving average of $1.75 and a 200-day simple moving average of $1.63.

About Ensign Energy Services

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.