Shares of Canadian Energy Serv&Tech (CEU) were revisited by a Wall Street analyst today. The company received a Buy rating from Raymond James’ analyst Andrew Bradford, with a C$4.50 price target.
According to TipRanks.com, Bradford is ranked #4926 out of 5236 analysts.
Canadian Energy Serv&Tech has an analyst consensus of Strong Buy, with a price target consensus of C$4.92, which is a 71.4% upside from current levels. In a report released today, Industrial Alliance Securities also maintained a Buy rating on the stock.
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Based on Canadian Energy Serv&Tech’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$5.86 million. In comparison, last year the company had a net profit of C$2.68 million.
CES Energy Solutions Corp. engages in the provision of consumable chemical solutions throughout the life-cycle of the oilfield. It includes solutions at the drill-bit through the pipeline and midstream market. The company was founded on November 13, 1986 and is headquartered in Calgary, Canada.
The company’s shares closed on Wednesday at C$2.87.
