CES Energy Solutions’ (CEU) “Outperform” Rating Reaffirmed at AltaCorp Capital

AltaCorp Capital reiterated their outperform rating on shares of CES Energy Solutions (TSE:CEU) in a report released on Wednesday morning.

CEU has been the subject of several other research reports. GMP Securities lifted their price objective on CES Energy Solutions from C$9.50 to C$10.00 in a research report on Monday, March 5th. TD Securities reiterated a buy rating and issued a C$8.50 price objective on shares of CES Energy Solutions in a research report on Friday, February 23rd. Raymond James reiterated a strong-buy rating and issued a C$8.50 price objective on shares of CES Energy Solutions in a research report on Friday, February 9th. Clarus Securities reiterated a buy rating on shares of CES Energy Solutions in a research report on Monday, March 5th. Finally, Canaccord Genuity cut their price objective on CES Energy Solutions from C$9.00 to C$8.50 in a research report on Wednesday, April 11th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of C$8.90.

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Shares of CEU opened at C$6.35 on Wednesday. CES Energy Solutions has a 52-week low of C$4.94 and a 52-week high of C$7.50.



CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data on Thursday, March 1st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.04). CES Energy Solutions had a net margin of 7.45% and a return on equity of 13.37%. The business had revenue of C$278.83 million during the quarter, compared to the consensus estimate of C$265.63 million.

In other news, Director Burton Joel Ahrens sold 7,000 shares of CES Energy Solutions stock in a transaction on Thursday, March 8th. The stock was sold at an average price of C$5.75, for a total value of C$40,250.00. Also, insider James Murray Pasieka sold 6,868 shares of CES Energy Solutions stock in a transaction on Friday, April 13th. The shares were sold at an average price of C$6.41, for a total value of C$44,023.88. Insiders sold a total of 212,137 shares of company stock valued at $1,278,575 over the last three months.

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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.

Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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