CES Energy Solutions Corp. (TSE:CEU) Receives Average Rating of “Moderate Buy” from Analysts

CES Energy Solutions Corp. (TSE:CEU) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$19.72.

CEU has been the subject of a number of research analyst reports. Raymond James Financial raised their target price on CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. National Bank Financial upgraded CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price target on the stock in a research report on Friday, August 7th. TD reduced their target price on 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. Finally, 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 report on Monday, August 10th.

CES Energy Solutions Stock Down 0.4%

Shares of CES Energy Solutions stock opened at C$18.90 on Thursday. CES Energy Solutions has a 1 year low of C$8.19 and a 1 year high of C$19.64. The firm’s 50-day moving average is C$17.41 and its two-hundred day moving average is C$17.54. The stock has a market cap of C$3.96 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.61 and a beta of 0.50. The company has a debt-to-equity ratio of 55.36, a current ratio of 2.70 and a quick ratio of 1.78.

Insider Activity at CES Energy Solutions

In other news, insider Mihir Patel sold 12,184 shares of CES Energy Solutions stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$195,431.36. Following the transaction, the insider owned 16,571 shares in the company, valued at C$265,798.84. The trade was a 42.37% decrease in their position. Also, insider Kenneth Earl Zinger purchased 10,000 shares of CES Energy Solutions stock in a transaction dated Monday, June 22nd. The shares were bought at an average price of C$15.00 per share, for a total transaction of C$150,000.00. Following the acquisition, the insider owned 1,682,857 shares in the company, valued at approximately C$25,242,855. This trade represents a 0.60% increase in their ownership of the stock. Insiders have sold a total of 71,883 shares of company stock valued at $1,153,003 in the last three months. 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.