CES Energy Solutions Corp. (TSE:CEU) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU – Get Free Report) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$19.83.

Several brokerages have commented on CEU. Raymond James Financial increased their target price on CES Energy Solutions from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 target price for the company in a research report on Friday, August 7th. Scotia upped their price target 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 increased 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 Tuesday.

View Our Latest Report on CEU

CES Energy Solutions Price Performance

Shares of CEU stock opened at C$19.76 on Friday. The company has a debt-to-equity ratio of 55.36, a quick ratio of 1.78 and a current ratio of 2.70. The business’s 50 day moving average price is C$18.97 and its 200-day moving average price is C$17.93. The firm has a market cap of C$4.14 billion, a P/E ratio of 21.48, a P/E/G ratio of 0.61 and a beta of 0.94. CES Energy Solutions has a fifty-two week low of C$9.17 and a fifty-two week high of C$20.83.

CES Energy Solutions (TSE:CEU – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$714.08 million for the quarter. CES Energy Solutions had a return on equity of 23.68% and a net margin of 7.36%. On average, equities research analysts anticipate that CES Energy Solutions will post 0.86 earnings per share for the current year.

Insider Activity

In other CES Energy Solutions news, Director John Michael Hooks sold 78,700 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of C$19.10, for a total transaction of C$1,503,170.00. Following the completion of the transaction, the director owned 787,351 shares in the company, valued at C$15,038,404.10. This trade represents a 9.09% decrease in their ownership of the stock. 3.03% of the stock is owned by company insiders.

About CES Energy Solutions

(Get Free Report)

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.

Further Reading

Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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.