Essential Energy Services Ltd (TSE:ESN)’s share price fell 7.1% during mid-day trading on Wednesday . The stock traded as low as C$0.52 and last traded at C$0.52. 188,853 shares were traded during mid-day trading, an increase of 163% from the average session volume of 71,935 shares. The stock had previously closed at C$0.56.

Separately, Canaccord Genuity decreased their price objective on Essential Energy Services from C$0.90 to C$0.70 in a research 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 given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$1.05.

The stock’s 50-day moving average is $0.55 and its 200 day moving average is $0.63. The firm’s market capitalization is $73.77 million.

ILLEGAL ACTIVITY WARNING: This article was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.dailypolitical.com/2017/09/13/essential-energy-services-ltd-esn-trading-down-7-1.html.

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.

Receive News & Ratings for Essential Energy Services Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Energy Services Ltd and related companies with MarketBeat.com's FREE daily email newsletter.