CES Energy Solutions (TSE:CEU) Given New C$1.00 Price Target at Raymond James

CES Energy Solutions (TSE:CEU) had its price target decreased by Raymond James from C$1.60 to C$1.00 in a research report report published on Wednesday morning, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for CES Energy Solutions’ FY2020 earnings at $0.01 EPS and FY2021 earnings at ($0.04) EPS.

CEU has been the topic of several other research reports. Scotiabank reduced their price target on shares of CES Energy Solutions from C$4.25 to C$3.75 in a research report on Friday, March 13th. Alliance Global Partners reduced their price target on shares of CES Energy Solutions from C$4.60 to C$2.00 in a research report on Monday, March 16th. Canaccord Genuity cut shares of CES Energy Solutions from a buy rating to a hold rating and reduced their price target for the stock from C$3.75 to C$1.50 in a research report on Tuesday, March 10th. Clarus Securities reaffirmed a buy rating on shares of CES Energy Solutions in a research report on Monday, March 16th. Finally, Royal Bank of Canada reduced their price target on shares of CES Energy Solutions from C$3.25 to C$2.00 in a research report on Monday, March 16th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of C$2.25.

Shares of CES Energy Solutions stock traded down C$0.04 during trading hours on Wednesday, hitting C$0.61. 668,514 shares of the company’s stock traded hands, compared to its average volume of 816,089. The stock has a 50 day simple moving average of C$1.59 and a 200-day simple moving average of C$1.92. The company has a quick ratio of 1.70, a current ratio of 3.29 and a debt-to-equity ratio of 60.01. The company has a market cap of $172.78 million and a PE ratio of 5.55. CES Energy Solutions has a twelve month low of C$0.57 and a twelve month high of C$3.06.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Thursday, March 12th. The company reported C$0.04 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.01. The company had revenue of C$315.56 million for the quarter, compared to the consensus estimate of C$310.50 million. As a group, equities research analysts predict that CES Energy Solutions will post 0.17 EPS for the current year.

In other CES Energy Solutions news, Director John Michael Hooks sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$1.97, for a total value of C$49,250.00. Following the transaction, the director now owns 1,358,954 shares of the company’s stock, valued at C$2,677,139.38. Insiders sold 75,000 shares of company stock worth $157,826 in the last three months.

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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