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Shares of Essential Energy Services (TSE:ESN) have received an average rating of “Hold” from the eight analysts that are covering the company, Analyst Ratings News reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$2.75.

Essential Energy Services (TSE:ESN) opened at 2.50 on Wednesday. Essential Energy Services has a 52 week low of $2.32 and a 52 week high of $3.25. The stock has a 50-day moving average of $2.62 and a 200-day moving average of $2.6. The company has a market cap of $314.7 million and a price-to-earnings ratio of 22.45.

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 $0.21 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on ESN shares. Analysts at Paradigm Capital cut their price target on shares of Essential Energy Services from C$3.15 to C$3.00 in a research note on Tuesday, July 15th. Separately, analysts at Raymond James upgraded shares of Essential Energy Services from a “market perform” rating to an “outperform” rating in a research note on Friday, May 16th.

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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