CES Energy Solutions (TSE:CEU – Free Report) had its price target lifted by Scotia from C$21.00 to C$22.00 in a research note released on Monday morning,BayStreet.CA reports. They currently have a sector outperform rating on the stock.
CEU has been the subject of a number of other research reports. National Bank Financial raised 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. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Royal Bank Of Canada boosted their price objective on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Finally, TD decreased 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 report on Monday, July 13th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.72.
Check Out Our Latest Analysis on CEU
CES Energy Solutions Stock Performance
Insider Activity
In other news, insider Matthew Stephen Bell sold 26,840 shares of CES Energy Solutions stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total value of C$430,513.60. Following the completion of the transaction, the insider owned 17,000 shares in the company, valued at approximately C$272,680. The trade was a 61.22% decrease in their ownership of the stock. Also, insider Mihir Patel sold 12,184 shares of the stock in a transaction that occurred 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 sale, the insider owned 16,571 shares in the company, valued at approximately C$265,798.84. This trade represents a 42.37% decrease in their ownership of the stock. Insiders have sold 205,683 shares of company stock worth $3,684,499 over 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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