Essential Energy Services Ltd (ESN) Price Target Cut to C$0.85

Essential Energy Services Ltd (TSE:ESN) had its target price reduced by TD Securities from C$0.90 to C$0.85 in a research report report published on Thursday morning. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Clarus Securities downgraded Essential Energy Services from a buy rating to a hold rating in a research note on Thursday, August 11th. AltaCorp Capital downgraded Essential Energy Services from an outperform rating to a sector perform rating in a research note on Monday, July 11th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of C$0.95.

Analyst Recommendations for Essential Energy Services (TSE:ESN)

Essential Energy Services (TSE:ESN) opened at 0.61 on Thursday. The company’s market cap is $76.76 million. The firm has a 50-day moving average price of $0.66 and a 200-day moving average price of $0.65. Essential Energy Services has a 52-week low of $0.45 and a 52-week high of $0.78.

Essential Energy Services Company Profile

Essential Energy Services Ltd. provides oilfield services to oil and gas exploration and production companies in western Canada. The Company operates through two segments: Well Servicing, and Downhole Tools & Rentals. The Well Servicing segment provides well completion, production and workover services throughout the Western Canadian Sedimentary Basin (WCSB).

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