Essential Energy Services Ltd (TSE:ESN) – Investment analysts at Cormark decreased their Q1 2020 earnings estimates for Essential Energy Services in a report issued on Thursday, May 9th. Cormark analyst B. Watson now forecasts that the company will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.01. Cormark has a “Market Perform” rating and a $0.45 price target on the stock. Cormark also issued estimates for Essential Energy Services’ Q3 2020 earnings at $0.01 EPS, Q4 2020 earnings at $0.01 EPS and FY2020 earnings at $0.01 EPS.
Several other research firms have also recently weighed in on ESN. Raymond James restated an “outperform” rating and issued a C$0.65 price objective on shares of Essential Energy Services in a research report on Friday, April 26th. Canaccord Genuity dropped their price objective on shares of Essential Energy Services from C$0.40 to C$0.35 and set an “average” rating for the company in a research report on Wednesday, March 20th.
Essential Energy Services (TSE:ESN) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$41.19 million during the quarter, compared to the consensus estimate of C$41.00 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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