CES Energy Solutions (CEU) PT Lowered to C$5.00

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CES Energy Solutions (TSE:CEU) had its price target reduced by National Bank Financial from C$6.50 to C$5.00 in a research note issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 71.82% from the company’s current price.

Several other research firms also recently commented on CEU. Raymond James downgraded shares of CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from C$7.00 to C$5.00 in a report on Monday, February 4th. TD Securities raised shares of CES Energy Solutions from a “buy” rating to an “action list buy” rating and set a C$7.00 price objective on the stock in a report on Wednesday, November 14th. Finally, Canaccord Genuity dropped their price objective on shares of CES Energy Solutions from C$5.50 to C$4.75 in a report on Thursday, November 22nd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$5.88.

CEU stock opened at C$2.91 on Wednesday. The firm has a market capitalization of $784.63 million and a PE ratio of 22.38. The company has a current ratio of 3.43, a quick ratio of 1.91 and a debt-to-equity ratio of 72.49. CES Energy Solutions has a 12 month low of C$2.85 and a 12 month high of C$6.73.

In other news, insider John Michael Hooks sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of C$3.26, for a total value of C$65,214.00. Following the sale, the insider now directly owns 1,512,171 shares of the company’s stock, valued at approximately C$4,930,735.98.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.

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Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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