CES Energy Solutions (TSE:CEU) Upgraded at National Bank Financial

CES Energy Solutions (TSE:CEU) was upgraded by investment analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports. National Bank Financial also issued estimates for CES Energy Solutions’ FY2025 earnings at $0.81 EPS.

Several other analysts also recently issued reports on CEU. ATB Capital lowered their price target on CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday, May 5th. Royal Bank Of Canada reduced their price objective on CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. TD Securities lowered their target price on CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets decreased their price target on CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. Finally, National Bankshares raised shares of 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 report on Thursday. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, CES Energy Solutions presently has a consensus rating of “Buy” and a consensus price target of C$10.54.

CES Energy Solutions Trading Up 4.3%

Shares of CEU stock opened at C$7.05 on Wednesday. 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 fifty-two week low of C$5.59 and a fifty-two week high of C$10.20. The firm’s 50 day moving average price is C$6.43 and its two-hundred day moving average price is C$7.54. The stock has a market cap of C$1.58 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31.

Insider Buying and Selling at CES Energy Solutions

In related news, Senior Officer Kenneth Earl Zinger sold 31,222 shares of the company’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of C$6.78, for a total value of C$211,685.16. Also, Senior Officer Anthony Michael Aulicino sold 11,119 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of C$6.78, for a total transaction of C$75,386.82. Insiders have sold a total of 72,805 shares of company stock valued at $493,618 in the last three months. Corporate insiders own 3.03% of the company’s stock.

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.