Essential Energy Services Ltd (TSE:ESN) shares were up 4.8% during mid-day trading on Wednesday . The stock traded as high as C$0.65 and last traded at C$0.65. Approximately 134,752 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 117,470 shares. The stock had previously closed at C$0.62.

Separately, Canaccord Genuity decreased their price objective on shares of Essential Energy Services from C$0.90 to C$0.70 in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$1.05.

The company has a 50-day moving average price of $0.57 and a 200-day moving average price of $0.62. The stock’s market capitalization is $90.79 million.

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About Essential Energy Services

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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