CES Energy Solutions (TSE:CEU) had its target price decreased by National Bank Financial from C$4.50 to C$3.75 in a report released on Thursday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for CES Energy Solutions’ Q3 2019 earnings at $0.01 EPS.
CEU has been the topic of several other reports. BMO Capital Markets downgraded shares of CES Energy Solutions from an outperform rating to a market perform rating and decreased their price objective for the company from C$4.00 to C$2.00 in a research report on Friday, August 9th. Canaccord Genuity raised their price objective on shares of CES Energy Solutions from C$3.25 to C$3.50 in a research report on Monday, August 12th. Royal Bank of Canada upgraded shares of CES Energy Solutions from a sector perform rating to an outperform rating and raised their price objective for the company from C$3.00 to C$3.50 in a research report on Monday, August 12th. 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 equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of C$4.08.
Shares of CEU stock opened at C$1.86 on Thursday. The company has a market capitalization of $504.96 million and a price-to-earnings ratio of 16.91. CES Energy Solutions has a one year low of C$1.68 and a one year high of C$5.13. The company’s fifty day moving average price is C$2.08 and its 200-day moving average price is C$2.57. The company has a debt-to-equity ratio of 65.08, a current ratio of 3.63 and a quick ratio of 1.93.
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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