Ceiba Energy Services Receives a Hold from Canaccord Genuity

By Carrie Williams

Yesterday, an analyst has provided a rating update for the Materials sector company, Ceiba Energy Services (TSXV: CEB). The company received a Hold rating from Canaccord Genuity’s analyst John Bereznicki, with a C$0.20 price target.

According to TipRanks.com, Bereznicki is a 5-star analyst with an average return of 20.0% and a 66.9% success rate. Bereznicki covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trinidad Drilling, and Canadian Energy.

Ceiba Energy Services has an analyst consensus of Hold, with a price target consensus of C$0.20.

The company has a one year high of C$0.22 and a one year low of C$0.11. Currently, Ceiba Energy Services has an average volume of 58.21K.

Ceiba Energy Services, Inc. provides environmental services to the energy sector, specifically to companies involved in the exploration, extraction and production of oil and natural gas in Western Canada. It develops and constructs facilities in proximity to its customers to provide treatment of crude oil emulsion, terminalling, storage, and marketing of oil and disposal of production water. The company was founded on March 5, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed last Monday at $0.20.