What’s Next for Canadian Energy Services & Technlgy Corp After Reaching 52-Week High?

 What's Next for Canadian Energy Services & Technlgy Corp After Reaching 52 Week High?

The stock of Canadian Energy Services & Technlgy Corp (TSE:CEU) hit a new 52-week high and has $7.29 target or 9.00% above today’s $6.69 share price. The 9 months bullish chart indicates low risk for the $1.82 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $7.29 price target is reached, the company will be worth $163.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 439,801 shares traded hands. Canadian Energy Services & Technlgy Corp (TSE:CEU) has risen 101.49% since April 18, 2016 and is uptrending. It has outperformed by 96.94% the S&P500.

Canadian Energy Services & Technlgy Corp (TSE:CEU) Ratings Coverage

Out of 5 analysts covering Canadian Energy Services & Technology Corp. (TSE:CEU), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $87 is the highest target while $2 is the lowest. The $19.62 average target is 193.27% above today’s ($6.69) stock price. Canadian Energy Services & Technology Corp. has been the topic of 21 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock of Canadian Energy Services & Technlgy Corp (TSE:CEU) has “Focus Stock” rating given on Thursday, August 13 by Scotia Capital. On Thursday, June 9 the stock rating was maintained by Scotia Capital with “Outperform”. National Bank Canada maintained Canadian Energy Services & Technlgy Corp (TSE:CEU) on Tuesday, December 15 with “Outperform” rating. The company was maintained on Friday, October 7 by Raymond James.

More notable recent Canadian Energy Services & Technlgy Corp (TSE:CEU) news were published by: Marketwired.com which released: “Canadian Energy Services & Technology Corp. Announces Results for the Third …” on November 10, 2016, also Seekingalpha.com with their article: “Canadian Energy Services & Technology’s (CESDF) CEO Tom Simons on Q3 2016 …” published on November 11, 2016, Marketwired.com published: “Canadian Energy Services & Technology Corp. Announces Cash Dividend and …” on October 14, 2016. More interesting news about Canadian Energy Services & Technlgy Corp (TSE:CEU) were released by: Marketwired.com and their article: “Canadian Energy Services & Technology Corp. Announces Closing of $92.0 Million …” published on June 08, 2016 as well as Marketwired.com‘s news article titled: “Canadian Energy Services & Technology Corp. Announces Results for the Second …” with publication date: August 11, 2016.

Canadian Energy Services and Technology Corp is a Canada company, which designs, implements, and makes consumable fluids and specialty chemicals for the gas and oil industry. The company has a market cap of $1.82 billion. The Firm operates in the Western Canadian Sedimentary Basin and in several basins throughout the United States. It currently has negative earnings. In Canada, the Company operates under the trade names Canadian Energy Services, PureChem Services, Sialco Materials Ltd., Clear Environmental Solutions and EQUAL Transport.

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