CES Energy Solutions (CEU) Upgraded to Action List Buy by TD Securities

CES Energy Solutions (TSE:CEU) was upgraded by research analysts at TD Securities from a “buy” rating to an “action list buy” rating in a report issued on Wednesday. The brokerage presently has a C$7.00 target price on the stock. TD Securities’ target price indicates a potential upside of 124.36% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Canaccord Genuity lowered their target price on shares of CES Energy Solutions from C$7.00 to C$5.50 in a report on Tuesday, October 16th. National Bank Financial lowered shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$7.00 to C$6.50 in a report on Wednesday, September 26th. Raymond James lowered their target price on shares of CES Energy Solutions from C$7.50 to C$7.00 and set a “strong-buy” rating for the company in a report on Monday, September 24th. Finally, BMO Capital Markets lowered their target price on shares of CES Energy Solutions from C$9.00 to C$8.00 in a report on Monday, August 13th. One investment 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. The stock has a consensus rating of “Buy” and an average price target of C$7.63.

Shares of CES Energy Solutions stock traded up C$0.16 during trading on Wednesday, hitting C$3.12. The stock had a trading volume of 915,651 shares, compared to its average volume of 728,118. The company has a debt-to-equity ratio of 72.49, a quick ratio of 1.91 and a current ratio of 3.43. CES Energy Solutions has a 12 month low of C$2.91 and a 12 month high of C$6.86.

In related news, Director Burton Joel Ahrens sold 9,200 shares of CES Energy Solutions stock in a transaction dated Friday, October 12th. The shares were sold at an average price of C$3.89, for a total transaction of C$35,788.00. Also, insider Jason Douglas Waugh sold 26,000 shares of CES Energy Solutions stock in a transaction dated Monday, October 15th. The shares were sold at an average price of C$3.92, for a total transaction of C$101,920.00. Insiders sold a total of 131,151 shares of company stock valued at $558,928 in the last 90 days.

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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Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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