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.
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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