National Bank Financial reiterated their sector perform market weight rating on shares of CES Energy Solutions (TSE:CEU) in a research note released on Monday morning. National Bank Financial also issued estimates for CES Energy Solutions’ Q2 2020 earnings at ($0.08) EPS, Q3 2020 earnings at ($0.07) EPS, Q4 2020 earnings at ($0.06) EPS, FY2020 earnings at ($0.18) EPS and FY2021 earnings at ($0.02) EPS.
Several other equities research analysts have also recently weighed in on CEU. TD Securities increased their price objective on shares of CES Energy Solutions from C$3.75 to C$4.00 and gave the stock an action list buy rating in a research report on Sunday, May 17th. Raymond James decreased their price objective on shares of CES Energy Solutions from C$1.35 to C$1.15 and set an outperform rating for the company in a research report on Wednesday. ATB Capital decreased their price objective on shares of CES Energy Solutions from C$1.50 to C$1.35 in a research report on Friday, July 10th. AltaCorp Capital cut shares of CES Energy Solutions from an outperform rating to a sector perform rating and decreased their price objective for the stock from C$2.50 to C$1.50 in a research report on Wednesday, April 15th. Finally, Scotiabank decreased their price objective on shares of CES Energy Solutions from C$3.75 to C$2.00 in a research report on Tuesday, April 14th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of C$1.89.
CEU stock opened at C$1.06 on Monday. The company has a fifty day moving average price of C$1.11 and a 200-day moving average price of C$1.35. The company has a market capitalization of $286.19 million and a P/E ratio of -1.42. CES Energy Solutions has a 52-week low of C$0.53 and a 52-week high of C$2.47. The company has a debt-to-equity ratio of 82.76, a quick ratio of 2.05 and a current ratio of 3.58.
CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.03. The business had revenue of C$349.45 million for the quarter, compared to the consensus estimate of C$322.00 million. As a group, sell-side analysts forecast that CES Energy Solutions will post -0.0776699 earnings per share for the current fiscal year.
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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