Essential Energy Services Ltd (TSE:ESN) – Research analysts at Clarus Securities lowered their Q3 2017 earnings per share estimates for shares of Essential Energy Services in a note issued to investors on Thursday. Clarus Securities analyst S. Kammermayer now expects that the brokerage will earn $0.00 per share for the quarter, down from their previous estimate of $0.01. Clarus Securities currently has a “Hold” rating on the stock. Clarus Securities also issued estimates for Essential Energy Services’ Q4 2017 earnings at $0.01 EPS.

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

ESN has been the topic of several other research reports. Raymond James Financial Inc. dropped their price objective on shares of Essential Energy Services from C$1.40 to C$1.35 and set a “strong-buy” rating on the stock in a report on Thursday, October 13th. TD Securities lowered their target price on shares of Essential Energy Services from C$0.90 to C$0.85 and set a “buy” rating on the stock in a research note on Thursday, October 13th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Essential Energy Services presently has a consensus rating of “Buy” and an average price target of C$0.93.

Shares of Essential Energy Services (TSE:ESN) opened at 0.55 on Friday. The company has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.64. The firm’s market capitalization is $69.92 million. Essential Energy Services has a one year low of $0.45 and a one year 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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