Closing Bell Ensign Energy Services Inc up on Monday - The Globe and Mail
| ESI Stock | CAD 3.12 0.04 1.27% |
About 61% of Ensign Energy's investor base is looking to short. The analysis of overall sentiment of trading Ensign Energy Services stock suggests that many investors are alarmed at this time. Ensign Energy's investing sentiment overview a quick insight into current market opportunities from investing in Ensign Energy Services. Many technical investors use Ensign Energy Services stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Ensign |
Closing Bell Ensign Energy Services Inc up on Monday The Globe and Mail
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Ensign Energy Fundamental Analysis
We analyze Ensign Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ensign Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ensign Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Asset
Current Asset Comparative Analysis
Ensign Energy is currently under evaluation in current asset category among its peers. Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Ensign Energy Services Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ensign Energy stock to make a market-neutral strategy. Peer analysis of Ensign Energy could also be used in its relative valuation, which is a method of valuing Ensign Energy by comparing valuation metrics with similar companies.
Peers
Ensign Energy Related Equities
| PD | Precision Drilling | 0.37 | ||||
| CFW | Calfrac Well | 0.25 | ||||
| TCW | Trican Well | 0.40 | ||||
| SES | Secure Energy | 2.18 | ||||
| NVA | NuVista Energy | 2.19 |
Other Information on Investing in Ensign Stock
Ensign Energy financial ratios help investors to determine whether Ensign Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ensign with respect to the benefits of owning Ensign Energy security.