CES Energy Solutions Corp (TSE:CEU) has received an average rating of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$1.69.
A number of equities research analysts have issued reports on CEU shares. Raymond James set a C$1.15 target price on shares of CES Energy Solutions and gave the stock an “outperform” rating in a research report on Monday, August 17th. Cormark cut their price target on shares of CES Energy Solutions from C$1.75 to C$1.50 in a report on Monday, August 17th. Canaccord Genuity cut their price target on shares of CES Energy Solutions from C$1.35 to C$1.20 in a report on Wednesday, August 19th. ATB Capital raised their price target on shares of CES Energy Solutions from C$1.35 to C$1.40 in a report on Monday, August 17th. Finally, TD Securities downgraded shares of CES Energy Solutions from an “action list buy” rating to a “buy” rating and cut their price target for the company from C$4.00 to C$2.50 in a report on Monday, August 17th.
Shares of CES Energy Solutions stock traded up C$0.02 on Tuesday, hitting C$0.93. The company had a trading volume of 266,357 shares, compared to its average volume of 598,819. CES Energy Solutions has a 52 week low of C$0.53 and a 52 week high of C$2.47. The company has a debt-to-equity ratio of 69.89, a current ratio of 4.57 and a quick ratio of 1.91. The company has a market cap of $251.74 million and a PE ratio of -1.06. The business has a 50-day simple moving average of C$0.97 and a 200-day simple moving average of C$1.11.
CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, August 13th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.07) by C($0.01). The business had revenue of C$159.49 million for the quarter, compared to the consensus estimate of C$191.58 million. On average, equities research analysts predict that CES Energy Solutions will post -0.09 earnings per share for the current fiscal year.
CES Energy Solutions Company Profile
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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