Royal Bank of Canada Lowers CES Energy Solutions (TSE:CEU) Price Target to C$10.00

CES Energy Solutions (TSE:CEU) had its price target reduced by analysts at Royal Bank of Canada from C$11.00 to C$10.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 56.25% from the company’s previous close.

A number of other research analysts also recently commented on the company. TD Securities lowered their price objective on CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research note on Wednesday. ATB Capital upgraded shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price target for the company in a research report on Friday, March 7th. National Bankshares lifted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Finally, BMO Capital Markets dropped their price target on shares of CES Energy Solutions from C$10.00 to C$9.00 in a research note on Thursday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$10.03.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$6.40 on Thursday. The company has a market cap of C$1.43 billion, a P/E ratio of 7.47, a PEG ratio of 0.61 and a beta of 2.31. The business has a 50 day moving average of C$7.35 and a two-hundred day moving average of C$8.39. CES Energy Solutions has a 52 week low of C$5.29 and a 52 week high of C$10.20. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26.

Insider Activity

In other news, Senior Officer Kenneth Earl Zinger purchased 10,000 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of C$6.06 per share, with a total value of C$60,600.00. Also, Senior Officer Anthony Michael Aulicino sold 50,563 shares of CES Energy Solutions stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$7.23, for a total value of C$365,570.49. Insiders own 3.03% of the company’s stock.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.