Raymond James reissued their outperform rating on shares of Essential Energy Services (TSE:ESN) in a research report sent to investors on Thursday. The brokerage currently has a C$0.65 price target on the stock.
Separately, Canaccord Genuity decreased their target price on shares of Essential Energy Services from C$0.60 to C$0.50 in a research report on Thursday, November 22nd.
TSE ESN opened at C$0.29 on Thursday. Essential Energy Services has a 12 month low of C$0.24 and a 12 month high of C$0.68. The company has a debt-to-equity ratio of 14.05, a quick ratio of 2.04 and a current ratio of 4.43. The stock has a market capitalization of $41.14 million and a price-to-earnings ratio of -4.83.
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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