Essential Energy Services Ltd (ESN) Price Target Cut to C$1.35
Essential Energy Services Ltd (TSE:ESN) had its price target reduced by analysts at Raymond James Financial Inc. from C$1.40 to C$1.35 in a research report issued to clients and investors on Thursday. The firm currently has a “strong-buy” rating on the stock. Raymond James Financial Inc.’s price target would suggest a potential upside of 117.74% from the company’s previous close.
Several other brokerages also recently weighed in on ESN. Clarus Securities downgraded shares of Essential Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. TD Securities reissued a “buy” rating and issued a C$0.90 target price on shares of Essential Energy Services in a report on Thursday, August 11th. Finally, AltaCorp Capital downgraded shares of Essential Energy Services from an “outperform” rating to a “sector perform” rating in a report on Monday, July 11th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Essential Energy Services has an average rating of “Buy” and an average price target of C$0.95.
Shares of Essential Energy Services (TSE:ESN) traded down 4.62% during mid-day trading on Thursday, hitting $0.62. 90,559 shares of the company were exchanged. The company has a 50 day moving average of $0.67 and a 200 day moving average of $0.65. The company’s market capitalization is $78.02 million. Essential Energy Services has a 52 week low of $0.45 and a 52 week high of $0.78.
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Essential Energy Services Company Profile
Essential Energy Services Ltd. provides oilfield services to oil and gas exploration and production companies in western Canada. The Company operates through two segments: Well Servicing, and Downhole Tools & Rentals. The Well Servicing segment provides well completion, production and workover services throughout the Western Canadian Sedimentary Basin (WCSB).
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