Essential Energy Services (TSE:ESN) Share Price Passes Above Two Hundred Day Moving Average of $0.35

Essential Energy Services Ltd. (TSE:ESN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.35 and traded as high as C$0.37. Essential Energy Services shares last traded at C$0.37, with a volume of 52,543 shares traded.

Essential Energy Services Stock Performance

The company has a debt-to-equity ratio of 12.37, a quick ratio of 1.54 and a current ratio of 3.42. The firm has a market cap of C$45.81 million, a P/E ratio of 36.50, a P/E/G ratio of -26.66 and a beta of 1.61. The business’s 50-day simple moving average is C$0.36 and its 200 day simple moving average is C$0.35.

Essential Energy Services (TSE:ESN) last posted its earnings results on Thursday, August 3rd. The company reported C($0.04) EPS for the quarter. Essential Energy Services had a return on equity of 0.83% and a net margin of 0.60%. The company had revenue of C$28.57 million during the quarter. As a group, equities analysts predict that Essential Energy Services Ltd. will post 0.0767591 earnings per share for the current year.

About Essential Energy Services

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. 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.