Essential Energy Services (TSE:ESN) was downgraded by research analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research report issued on Tuesday. They presently have a C$1.30 price objective on the stock, down from their previous price objective of C$1.50. Raymond James Financial’s price objective would indicate a potential upside of 64.56% from the company’s current price.

Separately, Clarus Securities reiterated a “buy” rating on shares of Essential Energy Services in a report on Friday, November 10th.

Essential Energy Services (TSE:ESN) traded down C$0.03 on Tuesday, reaching C$0.79. The company’s stock had a trading volume of 115,082 shares, compared to its average volume of 128,819. The stock has a market cap of $112.07, a PE ratio of 39.50 and a beta of 1.39. Essential Energy Services has a 52 week low of C$0.50 and a 52 week high of C$0.84.

Essential Energy Services (TSE:ESN) last posted its quarterly earnings results on Wednesday, November 8th. The company reported C$0.02 EPS for the quarter. Essential Energy Services had a return on equity of 5.76% and a net margin of 4.81%.

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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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