CES Energy Solutions (TSE:CEU) Cut to Hold at TD Securities

TD Securities lowered shares of CES Energy Solutions (TSE:CEU) from a buy rating to a hold rating in a research note published on Monday, Marketbeat reports. They currently have C$16.00 price target on the stock, up from their previous price target of C$12.00.

CEU has been the topic of a number of other research reports. National Bankshares lifted their price target on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Scotiabank increased their price objective on shares of CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. Royal Bank Of Canada boosted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Raymond James Financial lowered shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. Finally, ATB Capital lifted their price objective on CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$12.96.

CES Energy Solutions Trading Down 1.9%

CEU stock opened at C$13.80 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. CES Energy Solutions has a 52-week low of C$5.59 and a 52-week high of C$14.65. The company’s 50-day simple moving average is C$12.65 and its 200-day simple moving average is C$10.03. The firm has a market cap of C$2.93 billion, a P/E ratio of 17.47, a PEG ratio of 0.61 and a beta of 0.81.

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

Insider Activity

In other CES Energy Solutions news, insider Kenneth Earl Zinger purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average cost of C$10.93 per share, with a total value of C$54,650.00. Following the completion of the purchase, the insider owned 1,872,857 shares in the company, valued at approximately C$20,470,327.01. This represents a 0.27% increase in their position. Also, Director John Michael Hooks purchased 44,700 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of C$11.09 per share, for a total transaction of C$495,723.00. Following the completion of the transaction, the director directly owned 825,981 shares of the company’s stock, valued at C$9,160,129.29. The trade was a 5.72% increase in their position. Insiders acquired 54,245 shares of company stock worth $600,232 over the last three months. 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.