Essential Energy Services Ltd (TSE:ESN) Scheduled to Post Quarterly Earnings on Wednesday

Essential Energy Services Ltd (TSE:ESN) will be posting its quarterly earnings results after the market closes on Wednesday, August 9th. Analysts expect Essential Energy Services to post earnings of ($0.04) per share for the quarter.

Shares of Essential Energy Services Ltd (ESN) opened at 0.58 on Monday. Essential Energy Services Ltd has a one year low of $0.52 and a one year high of $0.90. The company has a 50 day moving average price of $0.61 and a 200-day moving average price of $0.68. The stock’s market cap is $82.28 million.

ESN has been the subject of several research reports. Canaccord Genuity dropped their target price on shares of Essential Energy Services from C$0.90 to C$0.70 in a report on Tuesday, July 11th. AltaCorp Capital downgraded shares of Essential Energy Services from an “outperform” rating to a “sector perform” rating in a report on Tuesday, April 18th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$1.05.

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About Essential Energy Services

Essential Energy Services Ltd., together with its subsidiaries, provides oilfield services to oil and gas exploration and production companies primarily in western Canada. The company operates through two segments, Essential Coil Well Service and Downhole Tools & Rentals. The Essential Coil Well Service segment offers well completion, and production and workover services through its fleet of coil tubing rigs, service rigs, fluid and nitrogen pumpers, and ancillary equipment.

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