CES Energy Solutions Corp (CEU) Receives Average Rating of “Buy” from Analysts
CES Energy Solutions Corp (TSE:CEU) has been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$8.67.
A number of research analysts recently issued reports on the stock. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a C$8.50 price target on shares of CES Energy Solutions Corp in a research note on Wednesday, August 30th. Canaccord Genuity lifted their price target on shares of CES Energy Solutions Corp from C$7.50 to C$8.00 in a research note on Monday, August 14th.
In other news, Director Burton Joel Ahrens sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$5.53, for a total transaction of C$55,300.00. Also, Director Thomas James Simons sold 152,455 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of C$5.35, for a total transaction of C$815,634.25. Insiders sold 317,811 shares of company stock valued at $1,702,011 in the last quarter.
Shares of CES Energy Solutions Corp (TSE:CEU) traded up 5.11% during midday trading on Wednesday, hitting $6.99. 912,998 shares of the stock traded hands. CES Energy Solutions Corp has a 52-week low of $4.89 and a 52-week high of $8.65. The company’s market cap is $1.86 billion. The stock has a 50-day moving average of $5.79 and a 200-day moving average of $6.20.
CES Energy Solutions Corp Company Profile
CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total 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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