Essential Energy Services Ltd (TSE:ESN) – Research analysts at Raymond James Financial upped their Q1 2017 EPS estimates for shares of Essential Energy Services in a report released on Wednesday. Raymond James Financial analyst A. Bradford now forecasts that the brokerage will post earnings per share of $0.03 for the quarter, up from their previous estimate of $0.02. Raymond James Financial currently has a “Strong-Buy” rating and a $1.35 target price on the stock. Raymond James Financial also issued estimates for Essential Energy Services’ Q3 2017 earnings at $0.01 EPS, Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.04 EPS and Q1 2018 earnings at $0.07 EPS.

Earnings History and Estimates for Essential Energy Services (TSE:ESN)

Several other research analysts also recently commented on the company. TD Securities reissued a “buy” rating and set a C$0.90 target price on shares of Essential Energy Services in a research note on Thursday, August 11th. AltaCorp Capital downgraded Essential Energy Services from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 11th. Finally, Clarus Securities downgraded Essential Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$0.95.

Essential Energy Services (TSE:ESN) traded down 1.61% on Friday, reaching $0.61. 81,619 shares of the company traded hands. Essential Energy Services has a one year low of $0.45 and a one year high of $0.78. The firm has a 50 day moving average of $0.67 and a 200-day moving average of $0.65. The stock’s market capitalization is $76.76 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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