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Essential Energy Services (TSE:ESN) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report issued on Friday, Analyst RN reports.

Shares of Essential Energy Services (TSE:ESN) traded up 2.64% on Friday, hitting $2.525. The stock had a trading volume of 165,597 shares. Essential Energy Services has a one year low of $2.32 and a one year high of $3.25. The stock has a 50-day moving average of $2.79 and a 200-day moving average of $2.79. The company has a market cap of $320.3 million and a P/E ratio of 13.67.

Essential Energy Services (TSE:ESN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.05. On average, analysts predict that Essential Energy Services will post $0.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, June 26th.

A number of other analysts have also recently weighed in on ESN. Analysts at Paradigm Capital downgraded shares of Essential Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. Separately, analysts at Clarus Securities downgraded shares of Essential Energy Services from a “buy” rating to an “accumulate” rating in a research note on Thursday, May 8th. Finally, analysts at National Bank Financial downgraded shares of Essential Energy Services from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Essential Energy Services presently has a consensus rating of “Hold” and a consensus target price of C$2.67.

Essential Energy Services Ltd. is a Canada-based company. The Company operates the coil well servicing fleet in the Western Canadian Sedimentary Basin (TSE:ESN).

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