Brokerages Set CES Energy Solutions Corp. (TSE:CEU) PT at C$10.54

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$10.54.

Several analysts have commented on CEU shares. National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 2nd. National Bankshares raised CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$14.50 price objective for the company in a research note on Thursday, July 3rd.

Insider Buying and Selling

In other news, Senior Officer Mihir Patel sold 4,484 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of C$6.86, for a total value of C$30,760.24. Also, Senior Officer Matthew Stephen Bell sold 22,523 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of C$6.86, for a total transaction of C$154,507.78. Insiders have sold a total of 58,949 shares of company stock valued at $405,106 over the last 90 days. 3.03% of the stock is owned by corporate insiders.

CES Energy Solutions Trading Up 1.0%

Shares of TSE CEU opened at C$9.39 on Friday. CES Energy Solutions has a fifty-two week low of C$5.59 and a fifty-two week high of C$10.20. The firm has a market capitalization of C$2.06 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.61 and a beta of 0.97. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The company’s 50 day simple moving average is C$8.14 and its 200 day simple moving average is C$7.15.

CES Energy Solutions Company Profile

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.