CES Energy Solutions (TSE:CEU) Stock Price Expected to Rise, Scotiabank Analyst Says

CES Energy Solutions (TSE:CEU) had its price objective upped by stock analysts at Scotiabank from C$9.50 to C$10.25 in a report released on Friday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 18.63% from the stock’s previous close.

A number of other research firms also recently issued reports on CEU. National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 2nd. TD Securities increased their target price on shares of CES Energy Solutions from C$9.00 to C$11.00 in a research report on Tuesday, October 14th. National Bankshares upgraded shares of 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. Finally, Royal Bank Of Canada increased their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$10.96.

CES Energy Solutions Stock Down 1.7%

CEU stock opened at C$8.64 on Friday. CES Energy Solutions has a 12-month low of C$5.59 and a 12-month high of C$10.20. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. The company has a market cap of C$1.89 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 0.61 and a beta of 0.88. The company has a 50 day moving average of C$8.61 and a two-hundred day moving average of C$7.31.

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.