CES Energy Solutions (TSE:CEU) Price Target Raised to C$16.00

CES Energy Solutions (TSE:CEU) had its price objective hoisted by research analysts at Scotiabank from C$12.25 to C$16.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 12.91% from the stock’s previous close.

A number of other equities research analysts have also commented on CEU. National Bankshares upped their price target on CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Raymond James Financial lowered CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. ATB Capital increased their target price on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a research report on Monday. TD Securities lowered shares of CES Energy Solutions from a “buy” rating to a “hold” rating and raised their price target for the stock from C$12.00 to C$16.00 in a report on Monday. Finally, Royal Bank Of Canada upped their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$13.92.

CES Energy Solutions Trading Up 2.7%

CEU traded up C$0.37 during trading on Thursday, reaching C$14.17. 418,031 shares of the company’s stock were exchanged, compared to its average volume of 777,088. CES Energy Solutions has a one year low of C$5.59 and a one year high of C$14.65. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. The stock has a market capitalization of C$3.01 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. The firm has a fifty day moving average price of C$12.65 and a two-hundred day moving average price of C$10.03.

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

Insider Activity at CES Energy Solutions

In other news, insider Anthony Michael Aulicino purchased 4,545 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of C$10.97 per share, with a total value of C$49,858.65. Following the purchase, the insider owned 1,222,367 shares in the company, valued at C$13,409,365.99. This represents a 0.37% increase in their ownership of the stock. Also, insider Kenneth Earl Zinger purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of C$10.93 per share, for a total transaction of C$54,650.00. Following the acquisition, the insider owned 1,872,857 shares of the company’s stock, valued at approximately C$20,470,327.01. This represents a 0.27% increase in their position. Insiders bought 54,245 shares of company stock valued at $600,232 in the last three months. Corporate insiders own 3.03% of the company’s stock.

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.