Clarus Securities Comments on Essential Energy Services Ltd’s Q2 2017 Earnings (ESN)
Essential Energy Services Ltd (TSE:ESN) – Equities research analysts at Clarus Securities reduced their Q2 2017 earnings per share (EPS) estimates for Essential Energy Services in a report issued on Thursday. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings per share of ($0.03) for the quarter, down from their previous forecast of ($0.02). Clarus Securities also issued estimates for Essential Energy Services’ Q3 2017 earnings at $0.00 EPS.
A number of other analysts have also recently issued reports on ESN. Raymond James Financial, Inc. restated a “strong-buy” rating and set a C$1.50 target price on shares of Essential Energy Services in a research note on Thursday, March 9th. AltaCorp Capital raised shares of Essential Energy Services from a “sector perform” rating to an “outperform” rating in a research report on Thursday, March 9th. Finally, Canaccord Genuity raised their price target on shares of Essential Energy Services from C$0.80 to C$0.90 in a research report on Friday. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Essential Energy Services has a consensus rating of “Buy” and a consensus price target of C$1.12.
Essential Energy Services (TSE:ESN) opened at 0.69 on Monday. The company’s market cap is $97.88 million. Essential Energy Services has a 12-month low of $0.52 and a 12-month high of $0.90. The stock’s 50 day moving average is $0.66 and its 200 day moving average is $0.69.
About Essential Energy Services
Essential Energy Services Ltd is a Canada-based company, which provides oilfield services to oil and natural gas producers, primarily in western Canada.
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