Essential Energy Services Ltd (ESN) PT Lowered to C$0.85
Essential Energy Services Ltd (TSE:ESN) had its price target reduced by TD Securities from C$0.90 to C$0.85 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 37.10% from the company’s current price.
A number of other brokerages also recently commented on ESN. Clarus Securities downgraded Essential Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. AltaCorp Capital downgraded Essential Energy Services from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 11th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. 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 4.62% on Thursday, reaching $0.62. 90,559 shares of the company’s stock traded hands. The firm’s market capitalization is $78.02 million. The firm’s 50 day moving average is $0.67 and its 200 day moving average is $0.65. 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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