CES Energy Solutions (TSE:CEU) had its target price reduced by National Bank Financial from C$6.50 to C$5.00 in a report issued on Wednesday morning. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for CES Energy Solutions’ Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.03 EPS, Q4 2019 earnings at $0.03 EPS and FY2019 earnings at $0.08 EPS.
Several other analysts also recently weighed in on CEU. Canaccord Genuity decreased their price target on shares of CES Energy Solutions from C$5.50 to C$4.75 in a research note on Thursday, November 22nd. 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 target for the company in a research note on Wednesday, November 14th. Finally, Raymond James downgraded shares of CES Energy Solutions from a strong-buy rating to an outperform rating and decreased their price target for the company from C$7.00 to C$5.00 in a research note on Monday, February 4th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of C$5.88.
CES Energy Solutions stock opened at C$2.83 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 3.43 and a debt-to-equity ratio of 72.49. CES Energy Solutions has a fifty-two week low of C$2.80 and a fifty-two week high of C$6.73. The company has a market cap of $773.73 million and a PE ratio of 21.77.
In other news, insider John Michael Hooks sold 20,000 shares of CES Energy Solutions stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of C$3.26, for a total transaction of C$65,214.00. Following the completion of the sale, the insider now owns 1,512,171 shares of the company’s stock, valued at C$4,930,735.98.
CES Energy Solutions Company Profile
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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