Essential Energy Services Ltd (TSE:ESN) had its target price reduced by TD Securities from C$0.90 to C$0.85 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 30.77% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Clarus Securities downgraded Essential Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. AltaCorp Capital downgraded Essential Energy Services from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 11th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$0.95.

Analyst Recommendations for Essential Energy Services (TSE:ESN)

Shares of Essential Energy Services (TSE:ESN) traded down 1.54% during mid-day trading on Thursday, hitting $0.64. The stock had a trading volume of 50,000 shares. Essential Energy Services has a one year low of $0.45 and a one year high of $0.78. The stock’s market cap is $80.54 million. The firm has a 50 day moving average of $0.67 and a 200-day moving average of $0.65.

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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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