Essential Energy Services (TSE:ESN) Shares Down 8.3%

Essential Energy Services Ltd. (TSE:ESNGet Rating) shares fell 8.3% on Wednesday . The stock traded as low as C$0.33 and last traded at C$0.33. 149,642 shares traded hands during trading, an increase of 74% from the average session volume of 86,241 shares. The stock had previously closed at C$0.36.

Essential Energy Services Price Performance

The firm’s 50-day moving average is C$0.39 and its 200-day moving average is C$0.38. The company has a debt-to-equity ratio of 9.14, a current ratio of 3.10 and a quick ratio of 1.54. The company has a market capitalization of C$47.77 million, a P/E ratio of -12.00, a price-to-earnings-growth ratio of -26.66 and a beta of 1.75.

About Essential Energy Services

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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.

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