CES Energy Solutions (TSE:CEU – Get Free Report) had its price objective decreased by investment analysts at TD from C$19.00 to C$18.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price objective points to a potential upside of 8.30% from the stock’s previous close.
A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. Royal Bank Of Canada raised their target price on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Finally, National Bank Financial lowered CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target on the stock. in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$18.94.
View Our Latest Stock 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 EPS for the quarter. The business had revenue of C$681.51 million during the quarter. CES Energy Solutions had a return on equity of 26.01% and a net margin of 8.29%. On average, research analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.
Insider Activity at CES Energy Solutions
In related news, insider David Allyn Burroughs sold 28,815 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total value of C$462,192.60. Also, insider James Farnsworth Strickland sold 4,044 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$64,865.76. Following the completion of the sale, the insider owned 38,231 shares in the company, valued at C$613,225.24. This represents a 9.57% decrease in their position. Insiders sold a total of 205,683 shares of company stock worth $3,684,499 in the last ninety days. 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.
Featured Articles
- Five stocks we like better than CES Energy Solutions
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
- The Phase 3 Failure That Sent Biotech Winners and Losers in Opposite Directions
Receive News & Ratings for CES Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CES Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
