Royal Bank of Canada Lowers CES Energy Solutions (TSE:CEU) Price Target to C$10.00

CES Energy Solutions (TSE:CEU) had its target price reduced by equities researchers at Royal Bank of Canada from C$11.00 to C$10.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 56.01% from the company’s current price.

CEU has been the subject of several other research reports. ATB Capital raised shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price objective for the company in a report 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 note on Thursday. National Bankshares raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, TD Securities lowered their price target on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a report on Wednesday. One 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$10.03.

CES Energy Solutions Stock Performance

Shares of CEU stock traded up C$0.16 during trading hours on Thursday, reaching C$6.41. 251,313 shares of the company traded hands, compared to its average volume of 693,436. The firm has a 50-day moving average price of C$7.40 and a 200 day moving average price of C$8.41. The company has a market cap of C$1.43 billion, a P/E ratio of 7.48, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 12-month low of C$5.29 and a 12-month high of C$10.20. 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 news, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$7.23, for a total value of C$365,570.49. Also, Senior Officer Kenneth Earl Zinger purchased 10,000 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was bought at an average cost of C$6.06 per share, with a total value of C$60,600.00. 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.