CES Energy Solutions (TSE:CEU) PT Lowered to C$3.75 at National Bank Financial

CES Energy Solutions (TSE:CEU) had its price target decreased by analysts at National Bank Financial from C$4.50 to C$3.75 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 111.86% from the stock’s current price. National Bank Financial also issued estimates for CES Energy Solutions’ Q3 2019 earnings at $0.01 EPS.

A number of other equities analysts have also weighed in on CEU. Canaccord Genuity lifted their price objective on shares of CES Energy Solutions from C$3.25 to C$3.50 in a research report on Monday. Royal Bank of Canada upgraded shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$3.00 to C$3.50 in a research report on Monday. BMO Capital Markets lowered shares of CES Energy Solutions from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$4.00 to C$2.00 in a research report on Friday, August 9th. Finally, Raymond James upgraded shares of CES Energy Solutions from a “neutral” rating to a “strong-buy” rating and set a C$4.50 price objective on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. CES Energy Solutions currently has a consensus rating of “Buy” and a consensus target price of C$4.08.

TSE:CEU traded down C$0.01 during midday trading on Thursday, reaching C$1.77. The stock had a trading volume of 348,762 shares, compared to its average volume of 659,653. The business’s fifty day simple moving average is C$2.10. CES Energy Solutions has a 12-month low of C$1.68 and a 12-month high of C$5.13. The company has a current ratio of 3.76, a quick ratio of 2.10 and a debt-to-equity ratio of 69.70. The stock has a market cap of $504.96 million and a PE ratio of 13.62.

About CES Energy Solutions

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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Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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