Ensign Energy Services (TSE:ESI) Shares Cross Above 200-Day Moving Average of $2.42

Ensign Energy Services Inc. (TSE:ESI)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.42 and traded as high as C$2.70. Ensign Energy Services shares last traded at C$2.68, with a volume of 63,673 shares traded.

Ensign Energy Services Trading Down 2.6 %

The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97. The company has a market capitalization of C$479.38 million, a PE ratio of 23.73, a P/E/G ratio of 202.94 and a beta of 3.05. The business has a fifty day moving average price of C$2.46 and a 200 day moving average price of C$2.42.

Ensign Energy Services (TSE:ESI) last released its quarterly earnings data on Friday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.04) by C$0.02. Ensign Energy Services had a net margin of 1.23% and a return on equity of 1.63%. The company had revenue of C$391.79 million during the quarter, compared to the consensus estimate of C$387.80 million. Analysts expect that Ensign Energy Services Inc. will post 0.2949886 EPS for the current fiscal year.

Insider Activity at Ensign Energy Services

In related news, Senior Officer Michael Gray acquired 11,000 shares of Ensign Energy Services stock in a transaction on Friday, August 9th. The shares were bought at an average price of C$2.29 per share, for a total transaction of C$25,173.50. 26.80% of the stock is owned by insiders.

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.