The Globe and Mail reports in its Monday, Nov. 20, edition that Canaccord Genuity analyst John Bereznicki reduced his share target on Essential Energy Services (75 cents) to 85 cents from 75 cents, while maintaining his "hold" rating. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $1.15. Mr. Bereznicki says in a note: "Due primarily to a strong performance from its Tryton segment, Essential topped our Q3/17 EBITDA expectation by $2.4-million. We are raising our 2018 EBITDA outlook to reflect an increased Tryton contribution." The Globe reported on Dec. 17, 2016, that Raymond James analyst Andrew Bradford continued to rate the shares "strong buy," while boosting his share target to $1.50 from $1.35. Mr. Bradford said there was "deep value" in Essential Energy. The shares were then worth 78 cents. The Globe's guest columnist Robert Tattersall recommended buying Essential Energy on Sept. 15, 2017. He said the shares were trading below book value. The shares could then be had for 52 cents.
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