Today, an analyst has provided a rating update for Canadian Energy Serv&Tech (CEU). GMP FirstEnergy’s analyst Ian Gillies reiterates their Hold rating on the shares, with a C$3 price target.
According to TipRanks.com, Gillies is ranked 0 out of 5 stars with an average return of -7.7% and a 42.2% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Precision Drilling, Inter Pipeline Ltd, and Gibson Energy Inc.
Canadian Energy Serv&Tech has an analyst consensus of Strong Buy, with a price target consensus of C$4.44.
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 Thursday at C$2.92, close to its 52-week low of C$2.85.
