Essential Energy Services (ESN) Shares Down 4.2%

Essential Energy Services Ltd (TSE:ESN) shares were down 4.2% during trading on Tuesday . The stock traded as low as C$0.66 and last traded at C$0.68. Approximately 18,646 shares traded hands during trading, a decline of 84% from the average daily volume of 118,514 shares. The stock had previously closed at C$0.71.

Several research analysts have recently commented on ESN shares. Clarus Securities restated a “buy” rating on shares of Essential Energy Services in a research report on Friday, November 10th. Raymond James Financial lowered Essential Energy Services from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from C$1.50 to C$1.30 in a research report on Tuesday, January 16th.

The stock has a market cap of $100.72, a PE ratio of 35.50 and a beta of 1.38.

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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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