Essential Energy (ESN), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Tim Monachello from AltaCorp Captial reiterated a Buy rating, with a C$0.50 price target.
According to TipRanks.com, Monachello is ranked #4969 out of 5220 analysts.
Essential Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$0.52, a 70.5% upside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock with a C$0.65 price target.
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The company has a one-year high of C$0.71 and a one-year low of C$0.24. Currently, Essential Energy has an average volume of 160.4K.
Essential Energy Services Ltd. engages in the provision of oilfield services to oil and natural gas exploration and production companies. It operates through the following segments: Essential Coil Well Service (ECWS), Tryton, and Corporate and Eliminations.
The company’s shares closed on Thursday at C$0.31, close to its 52-week low of C$0.24.
