CES Energy Solutions’ (CEU) “Sector Perform Market Weight” Rating Reiterated at National Bank Financial

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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Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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