CES Energy Solutions (TSE:CEU) had its price target trimmed by Raymond James from C$7.50 to C$7.00 in a research note issued to investors on Monday. They currently have a strong-buy rating on the stock.

Several other research analysts have also issued reports on CEU. Canaccord Genuity cut their target price on shares of CES Energy Solutions from C$8.00 to C$7.25 in a research report on Tuesday, July 10th. BMO Capital Markets cut their target price on shares of CES Energy Solutions from C$9.00 to C$8.00 in a research report on Monday, August 13th. Finally, National Bank Financial cut their target price on shares of CES Energy Solutions from C$8.20 to C$7.00 and set an outperform rating for the company in a research report on Friday, August 10th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. CES Energy Solutions has a consensus rating of Buy and a consensus price target of C$8.06.

Shares of TSE:CEU opened at C$4.46 on Monday. CES Energy Solutions has a 52-week low of C$4.14 and a 52-week high of C$7.34.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, August 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.02 by C$0.03. CES Energy Solutions had a net margin of 7.45% and a return on equity of 13.37%. The company had revenue of C$284.32 million during the quarter, compared to analyst estimates of C$269.18 million.

In other CES Energy Solutions news, insider Richard Lee Baxter sold 9,150 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of C$4.32, for a total transaction of C$39,528.00. Also, insider Craig Frederick Nieboer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of C$4.47, for a total transaction of C$223,500.00. Insiders sold 74,001 shares of company stock valued at $329,477 over the last quarter.

About CES Energy Solutions

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.

Read More: Exchange-Traded Funds (ETFs)

Analyst Recommendations for CES Energy Solutions (TSE:CEU)

Receive News & Ratings for CES Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CES Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.