Essential Energy Services Ltd (ESN) Price Target Cut to C$0.65
Essential Energy Services Ltd (TSE:ESN) had its price target cut by stock analysts at Canaccord Genuity from C$0.75 to C$0.65 in a report released on Monday. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 18.18% from the stock’s previous close.
Other analysts also recently issued research reports about the company. TD Securities reaffirmed a “buy” rating and issued a C$0.90 price objective on shares of Essential Energy Services in a research note on Thursday, August 11th. Clarus Securities downgraded Essential Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, Raymond James Financial Inc. reduced their price objective on Essential Energy Services from C$1.40 to C$1.35 and set a “strong-buy” rating on the stock in a research note on Thursday, October 13th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$0.91.
Essential Energy Services (TSE:ESN) opened at 0.55 on Monday. The company’s market cap is $69.21 million. Essential Energy Services has a one year low of $0.45 and a one year high of $0.78. The company’s 50 day moving average price is $0.60 and its 200-day moving average price is $0.64.
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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