CES Energy Solutions Corp. (TSE:CEU – Get Free Report) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$18.64.
CEU has been the subject of several recent research reports. Raymond James Financial increased their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada lifted their target price on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. TD boosted their price objective on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Finally, National Bank Financial lowered shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price on the stock. in a research report on Wednesday, May 13th.
View Our Latest Analysis on CEU
CES Energy Solutions Price Performance
CES Energy Solutions (TSE:CEU – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. The company had revenue of C$681.51 million for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. As a group, research analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.
Insider Transactions at CES Energy Solutions
In related news, Director John Michael Hooks sold 133,800 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total value of C$2,531,496.00. Following the sale, the director directly owned 902,565 shares in the company, valued at C$17,076,529.80. This trade represents a 12.91% decrease in their position. Also, insider Kenneth Earl Zinger sold 205,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of C$18.41, for a total value of C$3,774,050.00. Over the last 90 days, insiders have sold 534,800 shares of company stock worth $9,911,230. Corporate insiders own 3.03% of the company’s stock.
CES Energy Solutions Company Profile
CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES’ business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.
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