Shares of CES Energy Solutions Corp. (TSE:CEU – Get Free Report) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$18.94.
Several equities research analysts have weighed in on CEU shares. TD lowered their price objective on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating for the company in a research report on Monday. 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. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada raised their price target on shares of 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.
Get Our Latest Stock Report on CES Energy Solutions
CES Energy Solutions Stock Performance
CES Energy Solutions (TSE:CEU – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. The business had revenue of C$681.51 million for the quarter. On average, research analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Mihir Patel sold 12,184 shares of CES Energy Solutions stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total value of C$195,431.36. Following the completion of the sale, the insider directly owned 16,571 shares of the company’s stock, valued at approximately C$265,798.84. This trade represents a 42.37% decrease in their position. Also, insider Matthew Stephen Bell sold 26,840 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total value of C$430,513.60. Following the sale, the insider owned 17,000 shares of the company’s stock, valued at approximately C$272,680. The trade was a 61.22% decrease in their position. In the last 90 days, insiders have sold 205,683 shares of company stock worth $3,684,499. 3.03% of the stock is owned by company insiders.
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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