CES Energy Solutions Corp (CEU) Receives Average Rating of “Buy” from Analysts
CES Energy Solutions Corp (TSE:CEU) has been given an average rating of “Buy” by the twelve ratings firms that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$5.88.
Several analysts recently weighed in on the company. GMP Securities decreased their price objective on CES Energy Solutions from C$3.50 to C$3.00 in a report on Thursday. National Bank Financial dropped their price target on CES Energy Solutions from C$6.50 to C$5.00 and set an “outperform” rating on the stock in a research note on Wednesday. Alliance Global Partners dropped their price target on CES Energy Solutions from C$7.00 to C$5.00 in a research note on Thursday. Raymond James dropped their price target on CES Energy Solutions from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Cormark dropped their target price on CES Energy Solutions from C$6.50 to C$4.50 in a research report on Thursday.
Shares of CEU stock traded down C$0.02 on Friday, hitting C$2.89. The stock had a trading volume of 111,016 shares, compared to its average volume of 525,420. The company has a debt-to-equity ratio of 72.49, a current ratio of 3.43 and a quick ratio of 1.91. The company has a market capitalization of $773.73 million and a P/E ratio of 22.23. CES Energy Solutions has a one year low of C$2.85 and a one year high of C$6.73.
In other news, insider John Michael Hooks sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of C$3.26, for a total transaction of C$65,214.00. Following the completion of the transaction, the insider now directly owns 1,512,171 shares of the company’s stock, valued at approximately 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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