CES Energy Solutions (CEU) Given New C$5.00 Price Target at Alliance Global Partners

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CES Energy Solutions (TSE:CEU) had its price target dropped by investment analysts at Alliance Global Partners from C$7.00 to C$5.00 in a report released on Thursday. Alliance Global Partners’ target price would indicate a potential upside of 71.82% from the company’s current price.

CEU has been the subject of several other reports. Canaccord Genuity decreased their price target on shares of CES Energy Solutions from C$5.50 to C$4.75 in a research report on Thursday, November 22nd. Cormark decreased their price target on shares of CES Energy Solutions from C$6.50 to C$4.50 in a research report on Thursday. TD Securities raised shares of CES Energy Solutions from a “buy” rating to an “action list buy” rating and set a C$7.00 price target for the company in a research report on Wednesday, November 14th. National Bank Financial raised shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$6.50 price target for the company in a research report on Tuesday, November 27th. Finally, Raymond James decreased their price target on shares of 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. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$5.88.

Shares of CEU stock traded down C$0.02 during mid-day trading on Thursday, hitting C$2.91. 1,191,975 shares of the stock traded hands, compared to its average volume of 524,659. The firm has a market cap of $784.63 million and a price-to-earnings ratio of 22.38. CES Energy Solutions has a 52-week low of C$2.85 and a 52-week 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.

In related news, insider John Michael Hooks sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of C$3.26, for a total value of C$65,214.00. Following the completion of the transaction, the insider now directly owns 1,512,171 shares of the company’s stock, valued at approximately C$4,930,735.98.

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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