Essential Energy Services Ltd (TSE:ESN) – Raymond James cut their FY2020 earnings per share (EPS) estimates for shares of Essential Energy Services in a research note issued to investors on Thursday, November 7th. Raymond James analyst A. Bradford now forecasts that the company will post earnings per share of $0.02 for the year, down from their previous estimate of $0.03. Raymond James currently has a “Outperform” rating and a $0.65 target price on the stock.
TSE:ESN opened at C$0.27 on Friday. The business’s 50-day moving average price is C$0.30 and its 200 day moving average price is C$0.32. The firm has a market cap of $42.56 million and a P/E ratio of -3.23. Essential Energy Services has a 52-week low of C$0.24 and a 52-week high of C$0.41. The company has a quick ratio of 1.44, a current ratio of 3.81 and a debt-to-equity ratio of 16.55.
Essential Energy Services (TSE:ESN) last released its earnings results on Wednesday, August 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.01. The firm had revenue of C$27.09 million for the quarter, compared to analyst estimates of C$29.90 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.
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