Clarus Securities Equities Analysts Cut Earnings Estimates for Essential Energy Services Ltd (ESN)
Essential Energy Services Ltd (TSE:ESN) – Investment analysts at Clarus Securities lowered their FY2016 EPS estimates for Essential Energy Services in a note issued to investors on Thursday. Clarus Securities analyst S. Kammermayer now expects that the brokerage will earn ($0.52) per share for the year, down from their prior forecast of ($0.51). Clarus Securities currently has a “Hold” rating on the stock.
Other analysts also recently issued reports about the stock. TD Securities reduced their price target on shares of Essential Energy Services from C$0.90 to C$0.85 and set a “buy” rating on the stock in a report on Thursday, October 13th. 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 for the company in a research note on Thursday, October 13th. Four 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 stock presently has a consensus rating of “Buy” and an average price target of C$0.93.
Essential Energy Services (TSE:ESN) opened at 0.55 on Monday. The company’s market capitalization is $69.92 million. The stock’s 50 day moving average is $0.60 and its 200 day moving average is $0.64. Essential Energy Services has a 52 week low of $0.45 and a 52 week high of $0.78.
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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