CES Energy Solutions (TSE:CEU) Given New C$19.00 Price Target at TD

CES Energy Solutions (TSE:CEU) had its price target increased by TD from C$18.00 to C$19.00 in a report published on Friday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other research analysts also recently issued reports on CEU. Raymond James Financial upped their price objective on CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Scotiabank upped their price objective on CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th. BMO Capital Markets downgraded CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada upped their price objective on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Finally, TD Securities cut shares of CES Energy Solutions from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$12.00 to C$16.00 in a research note on Monday, January 26th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.93.

CES Energy Solutions Stock Down 1.2%

Shares of CEU opened at C$17.79 on Friday. CES Energy Solutions has a 52 week low of C$5.75 and a 52 week high of C$19.58. The stock has a market capitalization of C$3.73 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 0.61 and a beta of 0.81. The company has a debt-to-equity ratio of 60.08, a quick ratio of 1.78 and a current ratio of 2.86. The stock has a fifty day moving average of C$18.00 and a 200-day moving average of C$14.46.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 EPS for the quarter. CES Energy Solutions had a return on equity of 25.37% and a net margin of 8.21%.The company had revenue of C$681.51 million during the quarter. As a group, sell-side analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

Insider Activity at CES Energy Solutions

In related news, insider Kenneth Earl Zinger sold 205,000 shares of CES Energy Solutions stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$18.41, for a total transaction of C$3,774,050.00. Insiders sold 401,000 shares of company stock valued at $7,379,734 over the last quarter. 3.03% of the stock is owned by insiders.

CES Energy Solutions Company Profile

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.