Essential Energy Services Ltd (ESN) Trading Down 7.1%
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.
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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