Shares of Essential Energy Services Ltd (TSE:ESN) have earned a consensus rating of “Buy” from the six ratings firms that are presently covering the firm. Four equities research 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. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$0.92.

ESN has been the topic of a number of research reports. TD Securities restated a “buy” rating and issued a C$0.90 price target on shares of Essential Energy Services in a research note on Thursday, August 11th. Clarus Securities cut Essential Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Raymond James Financial Inc. decreased their target price on Essential Energy Services from C$1.40 to C$1.35 and set a “strong-buy” rating on the stock in a report on Thursday, October 13th. Finally, Canaccord Genuity decreased their target price on Essential Energy Services from C$0.75 to C$0.65 and set a “hold” rating on the stock in a report on Monday, November 14th.

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Essential Energy Services (TSE:ESN) opened at 0.55 on Monday. The stock has a 50 day moving average price of $0.58 and a 200-day moving average price of $0.64. Essential Energy Services has a 12-month low of $0.45 and a 12-month high of $0.78. The stock’s market capitalization is $78.02 million.

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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