Ensign Energy Services (TSE:ESI) Sets New 52-Week High – Here’s Why

Ensign Energy Services Inc. (TSE:ESI)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$3.81 and last traded at C$3.77, with a volume of 77083 shares traded. The stock had previously closed at C$3.73.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. ATB Cormark Capital Markets cut their price target on shares of Ensign Energy Services from C$3.25 to C$3.00 and set a “sector perform” rating on the stock in a report on Friday, December 19th. BMO Capital Markets lowered Ensign Energy Services from an “outperform” rating to a “hold” rating and set a C$3.50 target price for the company. in a research report on Monday, December 15th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Ensign Energy Services has a consensus rating of “Hold” and an average price target of C$2.90.

Ensign Energy Services Trading Down 1.9%

The firm has a 50-day simple moving average of C$2.88 and a 200-day simple moving average of C$2.57. The company has a quick ratio of 1.30, a current ratio of 0.98 and a debt-to-equity ratio of 84.02. The stock has a market cap of C$670.75 million, a PE ratio of -14.64, a P/E/G ratio of 202.94 and a beta of 1.60.

About Ensign Energy Services

Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs. The automated drilling rigs are built for improved safety and a reduced environmental footprint. Most of the company’s revenue is derived from the United States and Canada.