Canadian Energy Services & Technology (TSE:CEU) Rating Reaffirmed
Recently, In a recent research report revealed to investors on Tuesday, 15 December, Canadian Energy Services & Technology (TSE:CEU) shares have had their “Outperform” Rating maintained by research professionals at National Bank Financial, who currently has a $7.50 target price per share on company. This target by National Bank Financial suggests the possibile upside of 88.44% from the last stock close.
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 $6.56 while the lowest target price is $3.1. The mean of all analyst targets is $5.02 with a 68.51% above today’s ($3.97) stock price. Canadian Energy Services & Technology Corp. was the topic of 8 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc.
Approximately 2.24 million shares of stock traded hands or 300.09% up from the average. Canadian Energy Services & Tech Corp (TSE:CEU) has declined 34.36% since May 12, 2015 and is downtrending. It has underperformed by 30.69% 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 $863.45 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 21.85 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.