Essential Energy Services (TSE:ESN) was downgraded by equities research analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a report issued on Tuesday. They currently have a C$1.30 price objective on the stock, down from their prior price objective of C$1.50. Raymond James Financial’s price target suggests a potential upside of 58.54% from the company’s previous close.

Separately, Clarus Securities reissued a “buy” rating on shares of Essential Energy Services in a report on Friday, November 10th.

Shares of Essential Energy Services (ESN) traded up C$0.05 during trading hours on Tuesday, reaching C$0.82. 131,115 shares of the company’s stock traded hands, compared to its average volume of 130,193. Essential Energy Services has a 1 year low of C$0.50 and a 1 year high of C$0.84. The company has a market cap of $113.49, a P/E ratio of 41.00 and a beta of 1.39.

Essential Energy Services (TSE:ESN) last announced its quarterly earnings results on Wednesday, November 8th. The company reported C$0.02 EPS for the quarter. Essential Energy Services had a net margin of 4.81% and a return on equity of 5.76%.

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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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