Essential Energy Services (ESN) Set to Announce Earnings on Wednesday

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Essential Energy Services (TSE:ESN) will issue its quarterly earnings data after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of C$0.01 per share for the quarter.

Essential Energy Services (TSE:ESN) last issued its quarterly earnings results on Wednesday, August 8th. The company reported C($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of C($0.03) by C$0.01. The firm had revenue of C$37.94 million for the quarter, compared to analyst estimates of C$28.30 million. Essential Energy Services had a net margin of 4.81% and a return on equity of 5.76%.

Shares of TSE:ESN opened at C$0.40 on Wednesday. Essential Energy Services has a one year low of C$0.40 and a one year high of C$0.82.

Several equities analysts recently commented on ESN shares. Raymond James reduced their target price on shares of 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. Canaccord Genuity reduced their target price on shares of Essential Energy Services from C$0.65 to C$0.60 in a report on Tuesday, October 16th.

About Essential Energy Services

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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Earnings History for Essential Energy Services (TSE:ESN)

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