CES Energy Solutions Corp. (TSE:CEU) Given Average Rating of “Buy” by Analysts

CES Energy Solutions Corp. (TSE:CEU) has been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$10.96.

Several research analysts recently weighed in on the stock. Scotiabank upped their target price on shares of CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. Raymond James Financial downgraded CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday. TD Securities upped their price objective on CES Energy Solutions from C$9.00 to C$11.00 in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada lifted their target price on CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th.

CES Energy Solutions Trading Up 3.4%

CES Energy Solutions stock opened at C$11.60 on Friday. CES Energy Solutions has a 12-month low of C$5.59 and a 12-month high of C$11.62. The firm has a market capitalization of C$2.47 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 0.61 and a beta of 0.66. The firm has a 50 day moving average of C$9.36 and a 200 day moving average of C$7.90. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.18 earnings per share for the quarter. The business had revenue of C$623.22 million during the quarter. CES Energy Solutions had a net margin of 8.62% and a return on equity of 27.61%. As a group, research analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.