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
CEU stock opened at C$19.05 on Thursday. The business has a 50 day moving average price of C$17.66 and a 200 day moving average price of C$17.63. The company has a quick ratio of 1.78, a current ratio of 2.70 and a debt-to-equity ratio of 55.36. The stock has a market cap of C$4.00 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 0.61 and a beta of 0.81. CES Energy Solutions has a fifty-two week low of C$8.39 and a fifty-two week high of C$19.86.
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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