Essential Energy Services Ltd (ESN) Price Target Lowered to C$0.85 at TD Securities
Essential Energy Services Ltd (TSE:ESN) had its price objective decreased by TD Securities from C$0.90 to C$0.85 in a research report sent to investors on Thursday morning. TD Securities currently has a buy rating on the stock.
Several other equities research analysts have also recently weighed in on ESN. Clarus Securities cut Essential Energy Services from a buy rating to a hold rating in a report on Thursday, August 11th. AltaCorp Capital cut Essential Energy Services from an outperform rating to a sector perform rating in a report on Monday, July 11th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of C$0.95.
Shares of Essential Energy Services (TSE:ESN) traded up 3.23% on Thursday, reaching $0.64. The company’s stock had a trading volume of 25,919 shares. The stock’s market cap is $80.54 million. The firm has a 50 day moving average price of $0.67 and a 200-day moving average price of $0.65. Essential Energy Services has a 12-month low of $0.45 and a 12-month high of $0.78.
Essential Energy Services Company Profile
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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