National Bank Financial Increases Essential Energy Services Ltd Price Target to C$3.75 (ESN)
Equities researchers at National Bank Financial lifted their price objective on shares of Essential Energy Services Ltd (TSE:ESN) from C$3.50 to C$3.75 in a research report issued on Thursday, Analyst Ratings.Net reports. National Bank Financial’s price target would suggest a potential upside of 23.36% from the company’s current price.
A number of other firms have also recently commented on ESN. Analysts at Raymond James downgraded shares of Essential Energy Services Ltd from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. They now have a C$3.20 price target on the stock, up previously from C$3.00. Separately, analysts at TD Securities raised their price target on shares of Essential Energy Services Ltd from C$3.50 to C$3.75 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Pi Financial raised their price target on shares of Essential Energy Services Ltd from C$3.25 to C$3.50 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$3.54.
Shares of Essential Energy Services Ltd (TSE:ESN) traded up 4.47% on Thursday, hitting $3.04. The stock had a trading volume of 317,195 shares. Essential Energy Services Ltd has a 1-year low of $1.85 and a 1-year high of $3.15. The stock’s 50-day moving average is $2.58 and its 200-day moving average is $2.38. The company has a market cap of $380.7 million and a P/E ratio of 20.79.
Essential Energy Services Ltd. supplies specialized staff and equipment to oil and natural gas exploration, development and production entities to support drilling new wells and servicing existing wells.
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