CES Energy Solutions Corp (CEU) Receives Average Rating of “Buy” from Analysts
CES Energy Solutions Corp (TSE:CEU) has been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$8.13.
Several equities research analysts recently commented on CEU shares. Canaccord Genuity cut their price target on CES Energy Solutions from C$8.00 to C$7.25 in a report on Tuesday, July 10th. BMO Capital Markets cut their price target on CES Energy Solutions from C$9.00 to C$8.00 in a report on Monday, August 13th. Finally, National Bank Financial cut their price target on CES Energy Solutions from C$8.20 to C$7.00 and set an “outperform” rating for the company in a report on Friday, August 10th.
Shares of TSE CEU traded down C$0.11 during midday trading on Friday, hitting C$4.40. The stock had a trading volume of 976,385 shares, compared to its average volume of 716,251. CES Energy Solutions has a 1 year low of C$4.14 and a 1 year high of C$7.34.
In other CES Energy Solutions news, insider Richard Lee Baxter sold 9,150 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of C$4.32, for a total transaction of C$39,528.00. Also, insider Craig Frederick Nieboer sold 50,000 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of C$4.47, for a total value of C$223,500.00. In the last ninety days, insiders sold 70,150 shares of company stock valued at $312,648.
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.
Read More: Earnings Per Share (EPS) Explained
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