CES Energy Solutions (TSE:CEU) Price Target Lowered to C$9.00 at TD Securities

CES Energy Solutions (TSE:CEU - Get Free Report) had its target price lowered by equities research analysts at TD Securities from C$11.00 to C$9.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target would indicate a potential upside of 49.50% from the stock's current price.

Other analysts also recently issued reports about the stock. ATB Capital raised shares of CES Energy Solutions from a "sector perform" rating to an "outperform" rating and set a C$11.00 target price for the company in a research report on Friday, March 7th. Atb Cap Markets upgraded CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Finally, National Bankshares increased their price objective on 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. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$10.03.

CES Energy Solutions Stock Down 5.9 %

Shares of CEU traded down C$0.38 during midday trading on Wednesday, reaching C$6.02. 531,116 shares of the stock were exchanged, compared to its average volume of 696,303. The company has a market cap of C$1.35 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. CES Energy Solutions has a 12-month low of C$5.38 and a 12-month high of C$10.20. The firm has a 50 day simple moving average of C$7.31 and a 200-day simple moving average of C$8.39.

Insider Activity at CES Energy Solutions

In other news, Senior Officer Kenneth Earl Zinger purchased 5,000 shares of the business's stock in a transaction dated Monday, April 7th. The shares were bought at an average cost of C$6.00 per share, for a total transaction of C$30,000.00. Also, Senior Officer Anthony Michael Aulicino sold 50,563 shares of CES Energy Solutions stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$7.23, for a total value of C$365,570.49. 3.03% of the stock is owned by corporate insiders.

About CES Energy Solutions

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.