Essential Energy Services Ltd (TSE:ESN) had its target price reduced by Raymond James Financial Inc. from C$1.40 to C$1.35 in a research note issued to investors on Thursday morning. They currently have a strong-buy rating on the stock.
Several other brokerages have also commented on ESN. Clarus Securities lowered shares of Essential Energy Services from a buy rating to a hold rating in a research note on Thursday, August 11th. TD Securities dropped their price target on shares of Essential Energy Services from C$0.90 to C$0.85 and set a buy rating on the stock in a research note on Thursday, October 13th. Finally, AltaCorp Capital lowered shares of Essential Energy Services from an outperform rating to a sector perform rating in a research note on Monday, July 11th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Essential Energy Services has a consensus rating of Buy and an average price target of C$0.95.
Essential Energy Services (TSE:ESN) opened at 0.60 on Thursday. The stock’s 50 day moving average is $0.66 and its 200 day moving average is $0.65. The stock’s market capitalization is $75.50 million. Essential Energy Services has a 12-month low of $0.45 and a 12-month 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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