Raymond James Financial Inc. Lowers Essential Energy Services Ltd (ESN) Price Target to C$1.35
Essential Energy Services Ltd (TSE:ESN) had its target price reduced by Raymond James Financial Inc. from C$1.40 to C$1.35 in a note issued to investors on Thursday. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial Inc.’s price target points to a potential upside of 107.69% from the stock’s previous close.
Several other analysts have also weighed in on the company. AltaCorp Capital lowered Essential Energy Services from an “outperform” rating to a “sector perform” rating in a report on Monday, July 11th. Clarus Securities lowered Essential Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, TD Securities restated a “buy” rating and set a C$0.90 price target on shares of Essential Energy Services in a report on Thursday, August 11th. Four 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’s stock. The company has a consensus rating of “Buy” and an average price target of C$0.95.
Essential Energy Services (TSE:ESN) traded down 1.54% on Thursday, reaching $0.64. 50,000 shares of the company’s stock traded hands. 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 company’s market cap is $80.54 million.
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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