Ensign Energy Services (OTCMKTS:ESVIF) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Ensign Energy Services Inc. (OTCMKTS:ESVIF)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.87 and traded as high as $2.74. Ensign Energy Services shares last traded at $2.7016, with a volume of 135,685 shares traded.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered Ensign Energy Services from an “outperform” rating to a “market perform” rating in a report on Monday, December 15th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Ensign Energy Services Stock Performance

The company’s 50-day moving average price is $2.14 and its 200-day moving average price is $1.87.

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.