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.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, August 9th. The company reported C$0.05 earnings per share for the quarter, beating the consensus estimate of C$0.02 by C$0.03. The business had revenue of C$284.32 million for the quarter, compared to the consensus estimate of C$269.18 million. CES Energy Solutions had a return on equity of 13.37% and a net margin of 7.45%.

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

Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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