Raymond James Financial Inc. Lowers Essential Energy Services Ltd (ESN) Price Target to C$1.35
Essential Energy Services Ltd (TSE:ESN) had its price objective lowered by equities researchers 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 objective would suggest a potential upside of 107.69% from the stock’s current price.
Several other research analysts have also recently issued reports on ESN. AltaCorp Capital cut Essential Energy Services from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 11th. TD Securities reissued a “buy” rating and issued a C$0.90 target price on shares of Essential Energy Services in a research report on Thursday, August 11th. Finally, Clarus Securities cut Essential Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Four investment 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 company’s stock. Essential Energy Services has an average rating of “Buy” and an average target price of C$0.95.
Essential Energy Services (TSE:ESN) traded down 1.54% during mid-day trading on Thursday, reaching $0.64. The company’s stock had a trading volume of 50,000 shares. The firm’s 50 day moving average price is $0.67 and its 200 day moving average price is $0.65. Essential Energy Services has a 12-month low of $0.45 and a 12-month high of $0.78. The stock’s market cap is $80.54 million.
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About Essential Energy Services
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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