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Jennings Capital initiated coverage on shares of Ceiba Energy Services (CVE:CEB) in a research note issued on Wednesday. The firm set a “speculative buy” rating and a C$1.25 price target on the stock. Jennings Capital’s price target points to a potential upside of 13.64% from the stock’s previous close.

Ceiba Energy Services (CVE:CEB) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01).

Ceiba Energy Services Inc, formerly Cancen Oil Canada Inc, provides specialized services to the energy sector, specifically to companies involved in the exploration, extraction and production of oil and natural gas in Western Canada.

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