A statement released earlier today by Raymond James about Canadian Energy Services & Technology (TSE:CEU) bumps the target price to $6.20
- Updated: October 7, 2016
Stating a potential upside of 0.13%, Raymond James upped the price target of Canadian Energy Services & Technology (TSE:CEU) to $6.20
On 9/6/2016, RBC Capital Markets released a statement on Canadian Energy Services & Technology (TSE:CEU) upped the target price from $5.50 to $6.00 that suggested an upside of 0.27%.
Having a price of $5.50, Canadian Energy Services & Technology (TSE:CEU) traded -1.95% lower on the day. The last closing price is up 40.16% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Canadian Energy Services & Technology has recorded a 50-day average of $4.83 and a two hundred day moving average of $3.95. 1,165,762 shares of CEU traded hands, up from an average trading volume of 829,867
Recent Performance Chart
Canadian Energy Services & Technology has 52 week low of $2.85 and a 52 week high of $7.03 and has a market capitalization of $0.
In addition to Raymond James reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $3.99 with 4 firms rating the stock a strong buy, 6 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Canadian Energy Services & Technology (TSE:CEU)
Canadian Energy Services and Technology Corp is a Canada-based company, which designs, implements, and manufactures consumable fluids and specialty chemicals for the oil and gas industry. The Company operates in the Western Canadian Sedimentary Basin and in several basins throughout the United States. In Canada, the Company operates under the trade names Canadian Energy Services, PureChem Services, Sialco Materials Ltd., Clear Environmental Solutions and EQUAL Transport. In the United States, the Company operates under the trade names AES Drilling Fluids, AES Frac Fluids, Superior Weighting Products and JACAM Chemicals. The Company offers 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. The Company's solutions include corrosion inhibitors, demulsifiers, hydrogen sulfide scavengers, paraffin control products, surfactants, scale inhibitors, biocides and other specialty products.
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