CES Energy Solutions Corp (TSE:CEU) hit a new 52-week low on Monday . The stock traded as low as C$0.08 and last traded at C$2.87, with a volume of 238769 shares changing hands. The stock had previously closed at C$2.87.
Several equities research analysts recently weighed in on CEU shares. Canaccord Genuity dropped their target price on CES Energy Solutions from C$4.75 to C$4.25 in a report on Wednesday, March 20th. Alliance Global Partners dropped their target price on CES Energy Solutions from C$7.00 to C$5.00 in a report on Thursday, March 14th. Cormark dropped their target price on CES Energy Solutions from C$6.50 to C$4.50 in a report on Thursday, March 14th. GMP Securities dropped their target price on CES Energy Solutions from C$3.50 to C$3.00 in a report on Thursday, March 14th. Finally, Clarus Securities restated a “buy” rating on shares of CES Energy Solutions in a report on Wednesday, March 13th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. CES Energy Solutions has a consensus rating of “Buy” and an average price target of C$5.83.
The company has a quick ratio of 2.16, a current ratio of 3.91 and a debt-to-equity ratio of 70.06. The firm has a market capitalization of $763.10 million and a price-to-earnings ratio of 16.94.
In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger acquired 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of C$2.89 per share, for a total transaction of C$28,900.00. Following the acquisition, the insider now owns 1,328,872 shares in the company, valued at approximately C$3,840,440.08. Also, Director Thomas James Simons acquired 8,900 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was acquired at an average price of C$2.89 per share, with a total value of C$25,704.98. Following the acquisition, the director now owns 2,322,742 shares in the company, valued at approximately C$6,708,543.44.
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About CES Energy Solutions (TSE:CEU)
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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