Investment analysts at National Bank Financial increased their target price on shares of Canadian Energy Services & Technology (TSE:CEU) from C$20.00 to C$24.00 in a note issued to investors on Friday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 19.70% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Canadian Energy Services & Technology in a research note to investors on Friday, November 8th. They now have a C$19.00 price target on the stock. Analysts at Scotiabank upgraded shares of Canadian Energy Services & Technology from a “sector perform” rating to a “sector outperform” rating in a research note to investors on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$18.35.
Shares of Canadian Energy Services & Technology (TSE:CEU) traded up 2.49% during mid-day trading on Friday, hitting $20.55. 125,979 shares of the company’s stock traded hands. Canadian Energy Services & Technology has a 52-week low of $10.29 and a 52-week high of $19.56. The stock’s 50-day moving average is $17.88 and its 200-day moving average is $16.80. The company has a market cap of $1.374 billion and a P/E ratio of 52.76.
The company also recently declared a dividend, which is scheduled for Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, November 26th.
Canadian Energy Services & Technology Corp., formerly Canadian Energy Services LP, is engaged in design and implement drilling fluid systems for North American based oil and natural gas producers.
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