Ensign Energy Services (OTCMKTS:ESVIF) Trading Up 4.3% – Here’s What Happened

Ensign Energy Services Inc. (OTCMKTS:ESVIF) traded up 4.3% during trading on Monday . The company traded as high as $3.03 and last traded at $2.98. 74,152 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 103,242 shares. The stock had previously closed at $2.8570.

Analyst Ratings Changes

Several analysts recently commented on the stock. TD Securities reissued a “hold” rating on shares of Ensign Energy Services in a research note on Friday, May 8th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ensign Energy Services in a report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Ensign Energy Services in a research report on Monday, May 11th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Ensign Energy Services Stock Performance

The business’s 50 day simple moving average is $2.84 and its 200 day simple moving average is $2.44.

Ensign Energy Services Company Profile

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.