CES Energy Solutions Corp (TSE:CEU) – Analysts at National Bank Financial raised their Q2 2020 earnings per share estimates for shares of CES Energy Solutions in a research note issued to investors on Wednesday, June 24th. National Bank Financial analyst G. Colman now expects that the company will post earnings per share of ($0.08) for the quarter, up from their prior forecast of ($0.09). National Bank Financial currently has a “Sector Perform” rating and a $1.50 price target on the stock. National Bank Financial also issued estimates for CES Energy Solutions’ Q3 2020 earnings at ($0.07) EPS, Q4 2020 earnings at ($0.06) EPS and FY2020 earnings at ($0.18) EPS.
Several other equities research analysts have also weighed in on CEU. Canaccord Genuity lowered CES Energy Solutions from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$3.75 to C$1.50 in a research report on Tuesday, March 10th. Scotiabank dropped their target price on CES Energy Solutions from C$3.75 to C$2.00 in a research report on Tuesday, April 14th. Clarus Securities reaffirmed a “buy” rating on shares of CES Energy Solutions in a research report on Monday, March 16th. Royal Bank of Canada dropped their target price on CES Energy Solutions from C$3.25 to C$2.00 in a research report on Monday, March 16th. Finally, Raymond James raised their price target on CES Energy Solutions from C$1.00 to C$1.35 and gave the company an “outperform” rating in a report on Sunday, May 17th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$1.98.
CEU stock opened at C$1.09 on Monday. The company has a current ratio of 3.58, a quick ratio of 2.05 and a debt-to-equity ratio of 82.76. The firm has a market cap of $296.09 million and a P/E ratio of -1.46. CES Energy Solutions has a 12-month low of C$0.53 and a 12-month high of C$2.47. The stock’s 50 day simple moving average is C$1.10 and its 200 day simple moving average is C$1.48.
In related news, Senior Officer Kenneth Earl Zinger sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of C$0.94, for a total transaction of C$56,400.00. Following the completion of the transaction, the insider now owns 1,621,999 shares of the company’s stock, valued at C$1,524,679.06.
CES Energy Solutions Company Profile
CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.
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