Analysis: Canadian Energy Services & Technology (TSE:CEU) Target Raised Today
In an interesting research report sent to investors and clients by Canaccord Genuity on Friday morning, the firm, Canadian Energy Services & Technology (TSE:CEU), had their target downgraded to $6.00. Analusts at present have a solid Buy rating on the stock.
From a total of 12 analysts covering Canadian Energy Services & Technology Corp. (TSE:CEU) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $6.59 while the lowest target price is $3.11. The mean of all analyst targets is $5.19 with a 97.20% above today’s ($3.93) stock price. Canadian Energy Services & Technology Corp. was the topic of 6 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc.
Approximately 1.26 million shares of stock traded hands or 107.91% up from the average. Canadian Energy Services & Tech Corp (TSE:CEU) has declined 28.45% since May 8, 2015 and is downtrending. It has underperformed by 25.43% the S&P500.
Canadian Energy Services & Technology Corp. is a Canada well-known provider of consumable chemical solutions throughout the life-cycle of the oilfield. The company has a market cap of $918.97 million. This includes total 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. It has 21.63 P/E ratio. CES’ designed production and specialty chemicals provide down-hole solutions for production and gathering infrastructure to maximize production and reduce costs of equipment maintenance.