CES Energy Solutions (TSE:CEU) had its price target cut by analysts at Cormark from C$6.50 to C$4.50 in a report released on Thursday. Cormark’s target price suggests a potential upside of 54.64% from the company’s current price.
A number of other analysts have also recently issued reports on the company. GMP Securities cut their price objective on CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday. Raymond James cut their price objective on CES Energy Solutions from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research report on Wednesday. National Bank Financial cut their price objective on CES Energy Solutions from C$6.50 to C$5.00 and set an “outperform” rating for the company in a research report on Wednesday. Canaccord Genuity cut their price objective on CES Energy Solutions from C$5.50 to C$4.75 in a research report on Thursday, November 22nd. Finally, TD Securities raised CES Energy Solutions from a “buy” rating to an “action list buy” rating and set a C$7.00 price objective for the company in a research report on Wednesday, November 14th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. CES Energy Solutions currently has a consensus rating of “Buy” and an average price target of C$5.88.
TSE CEU traded down C$0.02 during trading hours on Thursday, hitting C$2.91. 1,191,975 shares of the company traded hands, compared to its average volume of 524,659. CES Energy Solutions has a twelve month low of C$2.85 and a twelve month high of C$6.73. The company has a debt-to-equity ratio of 72.49, a quick ratio of 1.91 and a current ratio of 3.43. The stock has a market capitalization of $784.63 million and a PE ratio of 22.38.
In other news, insider John Michael Hooks sold 20,000 shares of the firm’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 value of C$65,214.00. Following the completion of the sale, the insider now directly 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.
Featured Story: Understanding Compound Annual Growth Rate (CAGR)
Receive News & Ratings for CES Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CES Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.