ATB Capital Cuts CES Energy Solutions (TSE:CEU) Price Target to C$10.00

CES Energy Solutions (TSE:CEU - Get Free Report) had its price target dropped by research analysts at ATB Capital from C$11.00 to C$10.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. ATB Capital's target price points to a potential upside of 66.67% from the company's previous close.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada cut their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Atb Cap Markets upgraded CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. BMO Capital Markets reduced their price objective on CES Energy Solutions from C$10.00 to C$9.00 in a research report on Thursday, April 17th. Finally, TD Securities decreased their price objective on CES Energy Solutions from C$11.00 to C$9.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CES Energy Solutions currently has a consensus rating of "Buy" and a consensus price target of C$10.11.

CES Energy Solutions Stock Performance

CEU stock traded down C$0.15 on Monday, reaching C$6.00. 1,224,986 shares of the company were exchanged, compared to its average volume of 673,350. The firm has a market capitalization of C$1.34 billion, a PE ratio of 7.00, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 12 month low of C$5.59 and a 12 month high of C$10.20. The stock's fifty day moving average price is C$6.63 and its 200 day moving average price is C$8.22. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger acquired 5,000 shares of CES Energy Solutions stock in a transaction on Monday, April 7th. The shares were bought at an average price of C$6.00 per share, with a total value of C$30,000.00. Also, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$7.23, for a total value of C$365,570.49. Company 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.