Raymond James Reaffirms “Outperform” Rating for Essential Energy Services (ESN)

Raymond James reaffirmed their outperform rating on shares of Essential Energy Services (TSE:ESN) in a research report released on Wednesday morning. The brokerage currently has a C$0.65 target price on the stock.

Separately, Canaccord Genuity cut their target price on shares of Essential Energy Services from C$0.65 to C$0.60 in a research note on Tuesday, October 16th.

Shares of TSE ESN opened at C$0.33 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 3.65 and a debt-to-equity ratio of 14.27. Essential Energy Services has a 1 year low of C$0.24 and a 1 year high of C$0.82.

Essential Energy Services (TSE:ESN) last announced its quarterly earnings data on Wednesday, November 7th. The company reported C$0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.01 by C$0.01. The firm had revenue of C$50.64 million during the quarter, compared to analysts’ expectations of C$50.00 million. As a group, analysts anticipate that Essential Energy Services will post 0.0599999981250001 EPS for the current fiscal year.

Essential Energy Services Company Profile

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 (ECWS) and Tryton Tool Services (Tryton). The ECWS segment offers well completion, and production and workover services through its fleet of coil tubing rigs, fluid and nitrogen pumpers, and ancillary equipment.

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