TipRanksStock Market NewsCESDF NewsRBC Capital Believes CES Energy Solutions (CESDF) Won’t Stop Here

RBC Capital Believes CES Energy Solutions (CESDF) Won’t Stop Here

In a report issued on March 11, Keith Mackey from RBC Capital maintained a Buy rating on CES Energy Solutions (CESDFResearch Report), with a price target of C$3.00. The company’s shares closed last Friday at $2.20, close to its 52-week high of $2.26.

According to TipRanks.com, Mackey is a 5-star analyst with an average return of 33.6% and a 72.5% success rate. Mackey covers the Industrial Goods sector, focusing on stocks such as Liberty Oilfield Services, Baker Hughes Company, and Trican Well Service.

Currently, the analyst consensus on CES Energy Solutions is a Strong Buy with an average price target of $2.72, which is a 25.4% upside from current levels. In a report issued on March 11, Canaccord Genuity also maintained a Buy rating on the stock with a C$3.50 price target.

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The company has a one-year high of $2.26 and a one-year low of $1.10. Currently, CES Energy Solutions has an average volume of 26.18K.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CESDF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CES Energy Solutions Corp. engages in the provision of consumable chemical solutions throughout the life-cycle of the oilfield. Its operations include Drilling Fluids, Production Chemicals, Transportation & Logistics, Environmental Services, and Laboratory Services. The company was founded on November 13, 1986 and is headquartered in Calgary, Canada.

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