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

CES Energy Solutions (TSE:CEU - Get Free Report) had its price objective lowered by equities researchers at ATB Capital from C$11.00 to C$10.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. ATB Capital's price target suggests a potential upside of 62.87% from the stock's current price.

Several other research analysts have also issued reports on the company. BMO Capital Markets reduced their target price on CES Energy Solutions from C$10.00 to C$9.00 in a research report on Thursday, April 17th. TD Securities lowered their target price on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada cut their price target on CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Finally, Atb Cap Markets upgraded CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$9.91.

CES Energy Solutions Trading Up 1.8 %

Shares of CES Energy Solutions stock traded up C$0.11 during trading on Monday, hitting C$6.14. The stock had a trading volume of 41,562 shares, compared to its average volume of 659,216. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The stock has a market cap of C$1.37 billion, a PE ratio of 7.17, 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 firm's fifty day simple moving average is C$6.68 and its 200-day simple moving average is C$8.24.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger acquired 10,000 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired 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 the business's stock in a transaction that occurred 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. Corporate 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.