CES Energy Solutions (TSE:CEU) Price Target Raised to C$13.00

CES Energy Solutions (TSE:CEU) had its price objective hoisted by National Bankshares from C$10.50 to C$13.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 11.11% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Scotiabank raised their target price on CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. Raymond James Financial downgraded CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday. Finally, TD Securities boosted their price objective on CES Energy Solutions from C$9.00 to C$11.00 in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$10.71.

CES Energy Solutions Stock Up 0.9%

CEU stock traded up C$0.10 during mid-day trading on Thursday, reaching C$11.70. 3,445,422 shares of the company traded hands, compared to its average volume of 650,799. The stock has a market cap of C$2.49 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 0.61 and a beta of 0.66. CES Energy Solutions has a fifty-two week low of C$5.59 and a fifty-two week high of C$12.10. The firm’s 50 day moving average price is C$9.36 and its 200 day moving average price is C$7.90. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, November 13th. The company reported C$0.18 earnings per share (EPS) for the quarter. The company had revenue of C$623.22 million during the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%. As a group, equities research analysts predict that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.