Essential Energy Services (ESN) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Essential Energy Services (TSE:ESN) issued its quarterly earnings data on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02, American Banking News reports.
Shares of Essential Energy Services (TSE:ESN) opened at 2.46 on Friday. Essential Energy Services has a 52 week low of $2.28 and a 52 week high of $3.25. The stock’s 50-day moving average is $2.57 and its 200-day moving average is $2.64. The company has a market cap of $309.6 million and a P/E ratio of 21.55.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Friday, September 26th.
ESN has been the subject of a number of recent research reports. Analysts at Canaccord Genuity upgraded shares of Essential Energy Services from a “hold” rating to a “buy” rating in a research note on Thursday. On a related note, analysts at National Bank Financial cut their price target on shares of Essential Energy Services from C$3.15 to C$2.90 in a research note on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at TD Securities upgraded shares of Essential Energy Services from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a C$3.00 price target on the stock, down previously from C$3.25. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$3.10.
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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