CES Energy Solutions (TSE:CEU) Price Target Increased to C$9.00 by Analysts at TD Securities

CES Energy Solutions (TSE:CEU) had its price objective lifted by investment analysts at TD Securities from C$7.00 to C$9.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 40.63% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Scotiabank upped their target price on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research report on Monday, March 4th. Stifel Nicolaus upped their target price on shares of CES Energy Solutions from C$7.50 to C$8.50 in a research report on Thursday. BMO Capital Markets upped their price target on shares of CES Energy Solutions from C$6.00 to C$8.00 in a research report on Tuesday, April 23rd. National Bankshares upped their price target on shares of CES Energy Solutions from C$6.50 to C$7.00 in a research report on Thursday. Finally, Royal Bank of Canada upped their price target on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$7.14.

CES Energy Solutions Stock Performance

CEU stock traded up C$0.40 during midday trading on Thursday, reaching C$6.40. 1,481,297 shares of the company’s stock traded hands, compared to its average volume of 387,922. The company has a 50-day moving average price of C$5.19 and a two-hundred day moving average price of C$4.23. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95. CES Energy Solutions has a 52 week low of C$2.30 and a 52 week high of C$6.67. The firm has a market capitalization of C$1.50 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The firm had revenue of C$553.46 million during the quarter, compared to analyst estimates of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. As a group, equities analysts anticipate that CES Energy Solutions will post 0.6391403 EPS for the current year.

Insider Activity

In other news, Director John Michael Hooks sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$4.76, for a total transaction of C$475,610.00. In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. Also, Director John Michael Hooks sold 100,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$4.76, for a total transaction of C$475,610.00. Over the last ninety days, insiders sold 498,360 shares of company stock valued at $2,417,920. Insiders own 2.35% of the company’s stock.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.