CES Energy Solutions Corp. (TSE:CEU – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$19.72.
Several equities research analysts recently commented on the stock. National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price target on the stock in a research note on Friday, August 7th. Raymond James Financial raised their price objective on CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. BMO Capital Markets raised CES Energy Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$21.00 to C$22.00 in a report on Wednesday, June 24th. Scotia lifted their target price on CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 10th. Finally, TD reduced their target price on CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating for the company in a report on Monday, July 13th.
Get Our Latest Stock Analysis on CES Energy Solutions
CES Energy Solutions Price Performance
Insider Buying and Selling
In other news, insider James Farnsworth Strickland sold 4,044 shares of CES Energy Solutions stock in a transaction on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total value of C$64,865.76. Following the transaction, the insider directly owned 38,231 shares of the company’s stock, valued at C$613,225.24. The trade was a 9.57% decrease in their position. Also, insider Matthew Stephen Bell sold 26,840 shares of CES Energy Solutions stock in a transaction on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$430,513.60. Following the completion of the transaction, the insider directly owned 17,000 shares in the company, valued at C$272,680. The trade was a 61.22% decrease in their ownership of the stock. Insiders have sold 159,523 shares of company stock valued at $2,816,411 in the last 90 days. Company insiders own 3.03% of the company’s stock.
About CES Energy Solutions
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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