Essential Energy Services Ltd (TSE:ESN) shares shot up 5.8% on Monday . The company traded as high as C$0.55 and last traded at C$0.55. 105,547 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 72,100 shares. The stock had previously closed at C$0.52.

Separately, Canaccord Genuity cut their price objective on Essential Energy Services from C$0.90 to C$0.70 in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Essential Energy Services currently has a consensus rating of “Buy” and an average price target of C$1.05.

The company has a 50 day moving average price of $0.55 and a 200 day moving average price of $0.63. The company’s market cap is $79.44 million.

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Essential Energy Services Company Profile

Essential Energy Services Ltd is a Canada-based company, which provides oilfield services to oil and natural gas producers, primarily in western Canada.

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