Essential Energy Services (TSE:ESN) Share Price Passes Above 200-Day Moving Average of $0.43

Essential Energy Services Ltd. (TSE:ESN – Get Rating)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.43 and traded as high as C$0.46. Essential Energy Services shares last traded at C$0.46, with a volume of 208,999 shares.

Separately, Raymond James downgraded Essential Energy Services from an “outperform” rating to a “hold” rating and set a C$0.60 price objective for the company. in a research report on Thursday, March 10th.

The business has a 50-day moving average of C$0.46 and a 200-day moving average of C$0.43. The company has a debt-to-equity ratio of 11.78, a quick ratio of 1.42 and a current ratio of 2.86. The stock has a market capitalization of C$63.79 million and a price-to-earnings ratio of -5.06.

Essential Energy Services (TSE:ESN – Get Rating) last issued its quarterly earnings data on Wednesday, March 9th. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$35.10 million during the quarter. Equities analysts predict that Essential Energy Services Ltd. will post -0.03 earnings per share for the current fiscal year.

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. The company operates in two segments, Essential Coil Well Service (ECWS) and Tryton Tool Services (Tryton). The ECWS segment offers completion, production, and workover services with its fleet of coil tubing rigs, and fluid and nitrogen pumpers, as well as ancillary equipment.

Featured Stories