Canaccord Genuity Lowers Essential Energy Services (ESN) Price Target to C$0.35

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Essential Energy Services (TSE:ESN) had its price objective trimmed by Canaccord Genuity from C$0.40 to C$0.35 in a report issued on Wednesday morning. The brokerage currently has an average rating on the stock.

ESN has been the topic of several other research reports. Cormark lowered Essential Energy Services from a buy rating to a market perform rating and decreased their price target for the company from C$0.75 to C$0.45 in a research note on Friday, March 8th. Raymond James reiterated an outperform rating and issued a C$0.65 price objective on shares of Essential Energy Services in a report on Wednesday, January 9th.

Shares of Essential Energy Services stock opened at C$0.30 on Wednesday. Essential Energy Services has a 52 week low of C$0.24 and a 52 week high of C$0.68. The firm has a market capitalization of $42.56 million and a PE ratio of -4.84. The company has a current ratio of 4.43, a quick ratio of 2.04 and a debt-to-equity ratio of 14.05.

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 (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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