Essential Energy Services Ltd (TSE:ESN) – Raymond James issued their FY2020 earnings per share estimates for Essential Energy Services in a research report issued on Wednesday, March 18th. Raymond James analyst A. Bradford expects that the company will post earnings per share of ($0.05) for the year. Raymond James has a “Market Perform” rating and a $0.25 price objective on the stock. Raymond James also issued estimates for Essential Energy Services’ FY2021 earnings at ($0.06) EPS.
ESN has been the topic of several other research reports. AltaCorp Capital cut shares of Essential Energy Services from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, March 11th. Cormark decreased their price target on shares of Essential Energy Services from C$0.45 to C$0.40 in a research note on Friday, March 6th. Finally, Canaccord Genuity decreased their price target on shares of Essential Energy Services from C$0.40 to C$0.25 in a research note on Tuesday, March 10th.
Shares of ESN stock opened at C$0.16 on Monday. The stock has a market cap of $22.70 million and a P/E ratio of -14.55. Essential Energy Services has a 52 week low of C$0.13 and a 52 week high of C$0.49. The company has a quick ratio of 1.53, a current ratio of 3.83 and a debt-to-equity ratio of 15.02. The company’s fifty day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.31.
Essential Energy Services (TSE:ESN) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.01). The business had revenue of C$27.32 million for the quarter, compared to analyst estimates of C$31.55 million.
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 in 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.