CES Energy Solutions Corp. (TSE:CEU) Receives C$18.94 Consensus Price Target from Analysts

CES Energy Solutions Corp. (TSE:CEU) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$18.94.

Several research firms have commented on CEU. BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$21.00 to C$22.00 in a report on Wednesday, June 24th. Royal Bank Of Canada raised their price objective on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. National Bank Financial cut shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price objective for the company. in a research report on Wednesday, May 13th. Finally, TD lowered their target price on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating for the company in a research note on Monday, July 13th.

Insider Activity at CES Energy Solutions

In other news, insider Mihir Patel sold 12,184 shares of the stock in a transaction dated 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 transaction, the insider owned 16,571 shares in the company, valued at approximately C$265,798.84. This represents a 42.37% decrease in their position. Also, insider David Allyn Burroughs sold 28,815 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of C$16.04, for a total value of C$462,192.60. Insiders sold 205,683 shares of company stock worth $3,684,499 over the last three months. Company insiders own 3.03% of the company’s stock.

CES Energy Solutions Stock Performance

Shares of CEU opened at C$17.26 on Wednesday. The stock has a 50-day simple moving average of C$16.95 and a 200-day simple moving average of C$16.62. The company has a debt-to-equity ratio of 55.71, a quick ratio of 1.78 and a current ratio of 2.75. The stock has a market capitalization of C$3.64 billion, a PE ratio of 17.79, a PEG ratio of 0.61 and a beta of 0.51. CES Energy Solutions has a 1 year low of C$7.04 and a 1 year high of C$19.58.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$681.51 million for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. On average, analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

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.