CES Energy Solutions (TSE:CEU – Free Report) had its price target raised by TD from C$18.00 to C$19.00 in a report issued on Tuesday,BayStreet reports. The firm currently has a hold rating on the stock.
Other analysts have also recently issued research reports about the stock. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$21.00 to C$22.00 in a report on Wednesday, June 24th. 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 for the company in a report on Friday, August 7th. Scotia increased their price objective on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the company a “sector outperform” rating in a research report on Monday, August 10th. Finally, Raymond James Financial increased their price objective on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$19.83.
Get Our Latest Stock Analysis on CEU
CES Energy Solutions Stock Performance
Shares of CEU opened at C$19.76 on Tuesday. The stock has a 50-day simple moving average of C$18.97 and a 200-day simple moving average of C$17.93. 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 stock has a market capitalization of C$4.14 billion, a PE ratio of 21.48, a PEG ratio of 0.61 and a beta of 0.94. CES Energy Solutions has a 1 year low of C$9.17 and a 1 year high of C$20.83.
CES Energy Solutions (TSE:CEU – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.18 EPS for the quarter. CES Energy Solutions had a return on equity of 23.68% and a net margin of 7.36%. The business had revenue of C$714.08 million during the quarter. On average, analysts predict that CES Energy Solutions will post 0.86 earnings per share for the current fiscal year.
Insider Buying and Selling at CES Energy Solutions
In related news, Director John Michael Hooks sold 78,700 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of C$19.10, for a total transaction of C$1,503,170.00. Following the completion of the sale, the director owned 787,351 shares in the company, valued at C$15,038,404.10. The trade was a 9.09% decrease in their ownership of the stock. 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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