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

CES Energy Solutions (TSE:CEU) had its target price decreased by Raymond James from C$1.60 to C$1.00 in a report released 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 subject of a number of other research reports. TD Securities decreased their price objective on shares of CES Energy Solutions from C$5.00 to C$3.75 and set an action list buy rating for the company in a research note on Tuesday, March 17th. National Bank Financial decreased their price objective on shares of CES Energy Solutions from C$2.50 to C$2.00 and set an outperform rating for the company in a research note on Monday, March 16th. Alliance Global Partners decreased their price objective on shares of CES Energy Solutions from C$4.60 to C$2.00 in a research note on Monday, March 16th. Canaccord Genuity lowered shares of CES Energy Solutions from a buy rating to a hold rating and decreased their price objective for the stock from C$3.75 to C$1.50 in a research note on Tuesday, March 10th. Finally, Clarus Securities reaffirmed a buy rating on shares of CES Energy Solutions in a research note on Monday, March 16th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$2.25.

CES Energy Solutions stock traded down C$0.04 during midday trading on Wednesday, reaching C$0.61. The stock had a trading volume of 668,514 shares, compared to its average volume of 816,089. The firm’s fifty day simple moving average is C$1.59 and its two-hundred day simple moving average is C$1.92. CES Energy Solutions has a twelve month low of C$0.57 and a twelve month high of C$3.06. The company has a debt-to-equity ratio of 60.01, a current ratio of 3.29 and a quick ratio of 1.70. The firm has a market cap of $172.78 million and a price-to-earnings ratio of 5.55.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, March 12th. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. The firm had revenue of C$315.56 million during the quarter, compared to analyst estimates of C$310.50 million. As a group, sell-side analysts predict that CES Energy Solutions will post 0.17 EPS for the current fiscal year.

In other CES Energy Solutions news, Director John Michael Hooks sold 28,200 shares of CES Energy Solutions stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of C$2.25, for a total transaction of C$63,450.00. Following the completion of the sale, the director now owns 1,471,854 shares of the company’s stock, valued at approximately C$3,311,671.50. Insiders have sold a total of 75,000 shares of company stock valued at $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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