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Canadian Energy Services & Technology (TSE:CEU) target price raised to $5.50, reported today by Canaccord Genuity

Canadian Energy Services & Technology (TSE:CEU) had its estimated target price raised to $6 by Canaccord Genuity in a report issued 8/03/2016. The increased target price implies a potential upside of 0.54% based on the company’s most recent closing price.

Previously on 6/09/2016, Scotia Capital released a statement for Canadian Energy Services & Technology(TSE:CEU) raised the target price from $0.00 to $4.75. At the time, this indicated a possible upside of 0.14%.

Yesterday Canadian Energy Services & Technology (TSE:CEU) traded 4.78% lower at $3.56. The company’s 50-day average is $4.45 and its 200-day moving average is $3.77. The last stock price close is down 21.43% from the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the date range. 2,287,082 shares of the stock traded, up from ann avg. volume of 784,433.

Recent Performance Chart:

Canadian Energy Services & Technology (TSE:CEU)

Canadian Energy Services & Technology has a 52 week low of $2.85 and a 52 week high of $7.40. CEU’s market capitalization is presently $0.0.

A total of 13 firms have issued a report on Canadian Energy Services & Technology. Four analysts rate the company a strong buy, six analysts rate the stock a buy, three firms rate the company a hold, 0 rate the stock to underperform, and lastly 0 brokeragesrate the company as sell with an average target stock price of $3.99

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, and biocides and other specialty products.

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