Essential Energy Services Ltd Receives New Coverage from Analysts at Canaccord Genuity (ESN)
Canaccord Genuity assumed coverage on shares of Essential Energy Services Ltd (TSE:ESN) in a research note issued on Tuesday, Stock Ratings Network reports. The firm set a “buy” rating and a C$3.00 price target on the stock. Canaccord Genuity’s target price suggests a potential upside of 3.09% from the stock’s previous close.
A number of other firms have also recently commented on ESN. Analysts at National Bank Financial 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, October 24th. Separately, 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, October 24th. They now have a C$3.20 price target on the stock, up previously from C$3.00. Finally, 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, October 24th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$3.45.
Shares of Essential Energy Services Ltd (TSE:ESN) traded up 0.34% during mid-day trading on Tuesday, hitting $2.92. The stock had a trading volume of 69,595 shares. Essential Energy Services Ltd has a 52-week low of $1.94 and a 52-week high of $3.25. The stock has a 50-day moving average of $2.57 and a 200-day moving average of $2.24. The company has a market cap of $365.6 million and a P/E ratio of 29.10.
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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