CES Energy Solutions (TSE:CEU) Hits New 1-Year High at $0.09

CES Energy Solutions Corp (TSE:CEU)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.09 and last traded at C$1.08, with a volume of 109446 shares trading hands. The stock had previously closed at C$1.09.

A number of research firms recently issued reports on CEU. Clarus Securities reiterated a “buy” rating on shares of CES Energy Solutions in a report on Monday, March 16th. AltaCorp Capital lowered CES Energy Solutions from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$2.50 to C$1.50 in a report on Wednesday, April 15th. Raymond James lifted their target price on CES Energy Solutions from C$1.00 to C$1.35 and gave the company an “outperform” rating in a report on Sunday, May 17th. Scotiabank decreased their price target on CES Energy Solutions from C$3.75 to C$2.00 in a report on Tuesday, April 14th. Finally, Alliance Global Partners decreased their price target on CES Energy Solutions from C$4.60 to C$2.00 in a report on Monday, March 16th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. CES Energy Solutions currently has a consensus rating of “Buy” and a consensus price target of C$1.98.

The company has a market capitalization of $296.09 million and a PE ratio of -1.46. The company has a current ratio of 3.58, a quick ratio of 2.05 and a debt-to-equity ratio of 82.76. The stock has a fifty day simple moving average of C$1.10 and a 200-day simple moving average of C$1.49.

In other news, Senior Officer Kenneth Earl Zinger sold 60,000 shares of CES Energy Solutions stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of C$0.94, for a total transaction of C$56,400.00. Following the sale, the insider now owns 1,621,999 shares in the company, valued at C$1,524,679.06.

CES Energy Solutions Company Profile (TSE:CEU)

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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