Ensign Energy Services (OTCMKTS:ESVIF) Trading 0.4% Higher – What’s Next?

Ensign Energy Services Inc. (OTCMKTS:ESVIF) traded up 0.4% during trading on Monday . The company traded as high as $1.80 and last traded at $1.7980. 16,729 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 43,659 shares. The stock had previously closed at $1.79.

Wall Street Analyst Weigh In

ESVIF has been the subject of several recent analyst reports. Royal Bank Of Canada cut Ensign Energy Services to a “sector perform” rating in a research note on Thursday, October 9th. BMO Capital Markets lowered shares of Ensign Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday, December 15th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Ensign Energy Services has an average rating of “Hold”.

Ensign Energy Services Trading Up 0.4%

The stock has a 50-day simple moving average of $1.83 and a 200 day simple moving average of $1.72.

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.