Essential Energy Services Ltd (TSE:ESN) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Essential Energy Services Ltd (TSE:ESN) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the company. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$1.02.
ESN has been the topic of a number of analyst reports. AltaCorp Capital cut Essential Energy Services from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 11th. TD Securities reaffirmed a “buy” rating and set a C$0.90 price objective on shares of Essential Energy Services in a research report on Thursday, August 11th. Finally, Clarus Securities cut Essential Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/19/essential-energy-services-ltd-tseesn-receives-consensus-recommendation-of-buy-from-brokerages.html
Shares of Essential Energy Services (TSE:ESN) traded down 1.45% during mid-day trading on Monday, reaching $0.68. The company’s stock had a trading volume of 16,762 shares. The stock’s market capitalization is $85.57 million. Essential Energy Services has a 12-month low of $0.45 and a 12-month high of $0.84. The company’s 50-day moving average price is $0.71 and its 200-day moving average price is $0.66.
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).
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.