Essential Energy (ESN) Receives a Buy from Raymond James

By Jason Carr

The Materials sector company, Essential Energy (ESNResearch Report), has received a rating update from a Wall Street analyst today. Analyst Andrew Bradford from Raymond James rated Essential Energy (ESNResearch Report) a Buy, setting a C$0.65 price target.

According to TipRanks.com, Bradford is ranked #5014 out of 5182 analysts.

Essential Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$0.50.

Essential Energy’s market cap is currently C$44.69M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.29.

Essential Energy Services Ltd. engages in the provision of oilfield services to oil and natural gas exploration and production companies. It operates through the Essential Coil Well Service (ECWS) and Tryton segments.

The company’s shares closed on Wednesday at C$0.33.