Essential Energy Services (ESN) Trading Down 8.2%

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Essential Energy Services Ltd (TSE:ESN) shares fell 8.2% on Wednesday . The company traded as low as C$0.45 and last traded at C$0.45. 234,535 shares were traded during mid-day trading, an increase of 194% from the average session volume of 79,827 shares. The stock had previously closed at C$0.49.

A number of research firms have recently weighed in on ESN. Raymond James dropped their target price on Essential Energy Services from C$1.30 to C$1.05 and set an “outperform” rating on the stock in a report on Thursday, August 9th. AltaCorp Capital restated an “outperform” rating on shares of Essential Energy Services in a report on Monday, May 14th.

Essential Energy Services Company Profile (TSE:ESN)

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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