Essential Energy Services Ltd (ESN) PT Lowered to C$0.85 at TD Securities
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.
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/essential-energy-services-ltd-esn-pt-lowered-to-c0-85-at-td-securities.html
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).
Receive News & Ratings for Essential Energy Services Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Energy Services Ltd and related companies with MarketBeat.com's FREE daily email newsletter.