Essential Energy Services Ltd (ESN) to Post FY2018 Earnings of $0.00 Per Share, Cormark Forecasts
Essential Energy Services Ltd (TSE:ESN) – Investment analysts at Cormark dropped their FY2018 earnings per share estimates for Essential Energy Services in a research report issued to clients and investors on Friday. Cormark analyst J. Zhang now forecasts that the brokerage will post earnings per share of $0.00 for the year, down from their prior forecast of $0.01.
Several other research analysts have also recently weighed in on ESN. TD Securities reiterated a “buy” rating and issued a C$0.90 price target on shares of Essential Energy Services in a report on Thursday, August 11th. Clarus Securities cut shares of Essential Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Raymond James Financial Inc. reduced their price target 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 report on Thursday, October 13th. Four investment 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. The company presently has an average rating of “Buy” and a consensus target price of C$0.93.
Essential Energy Services (TSE:ESN) opened at 0.55 on Monday. The company’s market cap is $69.92 million. Essential Energy Services has a one year low of $0.45 and a one year high of $0.78. The company has a 50-day moving average of $0.60 and a 200 day moving average of $0.64.
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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