Essential Energy Services Ltd (TSE:ESN) had its price target cut by Raymond James Financial Inc. from C$1.40 to C$1.35 in a research note released on Thursday. They currently have a strong-buy rating on the stock.

Other equities analysts also recently issued research reports about the company. TD Securities reiterated a buy rating and issued a C$0.90 price objective on shares of Essential Energy Services in a report on Thursday, August 11th. Clarus Securities downgraded Essential Energy Services from a buy rating to a hold rating in a report on Thursday, August 11th. Finally, AltaCorp Capital downgraded Essential Energy Services from an outperform rating to a sector perform rating in a report on Monday, July 11th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Essential Energy Services has an average rating of Buy and an average price target of C$0.95.

Shares of Essential Energy Services (TSE:ESN) traded up 3.23% during trading on Thursday, hitting $0.64. 25,919 shares of the company were exchanged. The stock’s market capitalization is $80.54 million. Essential Energy Services has a 1-year low of $0.45 and a 1-year high of $0.78. The company has a 50 day moving average of $0.67 and a 200-day moving average of $0.65.

Essential Energy Services Company Profile

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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