Ensign Energy Services (OTCMKTS:ESVIF) Stock Price Down 2.9% – Time to Sell?

Ensign Energy Services Inc. (OTCMKTS:ESVIF)’s stock price was down 2.9% during trading on Tuesday . The company traded as low as $2.1110 and last traded at $2.1165. Approximately 65,170 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 71,247 shares. The stock had previously closed at $2.1807.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada downgraded Ensign Energy Services to a “sector perform” rating in a report on Thursday, October 9th. BMO Capital Markets lowered Ensign Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday, December 15th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Ensign Energy Services Stock Down 2.9%

The stock has a 50-day moving average of $1.88 and a 200 day moving average of $1.75.

About Ensign Energy Services

Ensign Energy Services Inc is a Calgary-based oilfield services company specializing in contract drilling and well-servicing solutions for the global energy industry. Through its fleet of land rigs and ancillary service equipment, Ensign delivers turnkey drilling operations, including vertical, directional and horizontal drilling, as well as completions support.

The company’s service offerings encompass a broad spectrum of well-intervention activities, such as coiled-tubing, snubbing, well testing, wireline, and production logging.