Canadian Energy Services & Tech Corp (TSE:CEU) – Investment analysts at Raymond James Financial dropped their Q3 2017 EPS estimates for shares of Canadian Energy Services & Tech Corp in a report released on Friday. Raymond James Financial analyst A. Bradford now forecasts that the firm will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.02. Raymond James Financial has a “Market Perform” rating and a $6.20 price objective on the stock. Raymond James Financial also issued estimates for Canadian Energy Services & Tech Corp’s Q4 2017 earnings at $0.02 EPS and Q1 2018 earnings at $0.04 EPS.

Other equities analysts also recently issued reports about the company. RBC Capital Markets increased their target price on Canadian Energy Services & Tech Corp from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 6th. Scotiabank reissued a “focus stock” rating and set a C$6.50 target price on shares of Canadian Energy Services & Tech Corp in a research note on Monday, August 15th. FirstEnergy Capital increased their target price on Canadian Energy Services & Tech Corp from C$4.00 to C$4.25 in a research note on Monday, August 15th. AltaCorp Capital increased their target price on Canadian Energy Services & Tech Corp from C$5.25 to C$5.50 in a research note on Monday, August 15th. Finally, Canaccord Genuity increased their target price on Canadian Energy Services & Tech Corp from C$5.25 to C$5.50 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$5.15.

Earnings History and Estimates for Canadian Energy Services & Tech Corp (TSE:CEU)

Shares of Canadian Energy Services & Tech Corp (TSE:CEU) traded down 0.73% on Monday, reaching $5.45. The company had a trading volume of 220,831 shares. The firm’s market capitalization is $1.42 billion. Canadian Energy Services & Tech Corp has a 52 week low of $2.85 and a 52 week high of $6.55. The company’s 50-day moving average price is $4.86 and its 200 day moving average price is $3.97.

In other news, Director Thomas James Simons sold 300,000 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of C$5.75, for a total transaction of C$1,725,000.00. Also, Director Donald Michael Godfre Stewart sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of C$4.88, for a total value of C$48,800.00.

Canadian Energy Services & Tech Corp Company Profile

Canadian Energy Services & Technology Corp. is a Canada-based company, which designs, implements, and manufactures consumable fluids and specialty chemicals for the oil and gas industry. The Company operates in the Western Canadian Sedimentary Basin and in several basins throughout the United States.

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