TD Securities Lowers Essential Energy Services Ltd (ESN) Price Target to C$0.75
Essential Energy Services Ltd (TSE:ESN) had its target price reduced by equities research analysts at TD Securities from C$0.85 to C$0.75 in a research report issued on Thursday. The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 36.36% from the company’s current price.
ESN has been the subject of a number of other research reports. Raymond James Financial Inc. dropped their target price 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 report on Thursday, October 13th. Clarus Securities downgraded shares of Essential Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. 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 stock. The stock has an average rating of “Buy” and a consensus price target of C$0.93.
Essential Energy Services (TSE:ESN) opened at 0.55 on Thursday. The stock’s market cap is $69.92 million. The company has a 50-day moving average of $0.60 and a 200-day moving average of $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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