Ensign Energy Services Inc. (OTCMKTS:ESVIF – Get Rating) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 192,000 shares, a drop of 9.0% from the August 15th total of 210,900 shares. Based on an average trading volume of 16,100 shares, the short-interest ratio is currently 11.9 days.

Ensign Energy Services Stock Performance

Shares of OTCMKTS:ESVIF opened at $1.86 on Thursday. Ensign Energy Services has a 1-year low of $1.12 and a 1-year high of $3.90. The company has a 50 day moving average price of $2.29 and a 200 day moving average price of $2.73.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price objective on shares of Ensign Energy Services from C$5.25 to C$3.75 in a report on Friday, August 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Ensign Energy Services has an average rating of "Moderate Buy" and a consensus target price of $4.87.

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.

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