Brokerages Set CES Energy Solutions Corp. (TSE:CEU) PT at C$10.96

Shares of CES Energy Solutions Corp. (TSE:CEU) have been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$10.96.

A number of brokerages have issued reports on CEU. Royal Bank Of Canada raised their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. National Bank Financial raised CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 2nd. TD Securities upped their price objective on CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. Scotiabank raised their target price on CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. Finally, National Bankshares upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$14.50 target price for the company in a research report on Thursday, July 3rd.

CES Energy Solutions Stock Performance

CES Energy Solutions stock opened at C$9.55 on Tuesday. The company has a market cap of C$2.09 billion, a PE ratio of 11.94, a PEG ratio of 0.61 and a beta of 0.88. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. CES Energy Solutions has a 1 year low of C$5.59 and a 1 year high of C$10.20. The company’s 50-day moving average is C$8.75 and its two-hundred day moving average is C$7.42.

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.