CES Energy Solutions (TSE:CEU) Given New C$9.75 Price Target at ATB Capital

CES Energy Solutions (TSE:CEU) had its price target hoisted by equities research analysts at ATB Capital from C$8.50 to C$9.75 in a research note issued on Friday, BayStreet.CA reports. ATB Capital’s price objective indicates a potential upside of 29.31% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. National Bankshares lifted their price objective on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Raymond James increased their target price on shares of CES Energy Solutions from C$6.75 to C$8.50 in a research note on Friday, May 10th. BMO Capital Markets upped their price target on CES Energy Solutions from C$10.00 to C$12.00 in a report on Friday. TD Securities raised their price objective on CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. Finally, Stifel Nicolaus upped their target price on CES Energy Solutions from C$7.50 to C$8.50 in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CES Energy Solutions has a consensus rating of “Buy” and a consensus price target of C$9.50.

CES Energy Solutions Trading Up 0.3 %

Shares of CEU traded up C$0.02 during trading hours on Friday, reaching C$7.54. 529,904 shares of the company traded hands, compared to its average volume of 554,625. The firm has a market cap of C$1.77 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.61 and a beta of 2.41. CES Energy Solutions has a 12-month low of C$2.94 and a 12-month high of C$8.35. The stock’s fifty day moving average price is C$7.44 and its 200 day moving average price is C$5.93. The company has a current ratio of 2.76, a quick ratio of 1.78 and a debt-to-equity ratio of 60.16.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, topping the consensus estimate of C$0.15 by C$0.08. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. The business had revenue of C$588.58 million during the quarter, compared to analysts’ expectations of C$555.63 million. Sell-side analysts forecast that CES Energy Solutions will post 0.7197861 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer Matthew Stephen Bell sold 8,131 shares of CES Energy Solutions stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$6.92, for a total value of C$56,266.52. In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the firm’s stock in a transaction dated Thursday, July 4th. The stock was sold at an average price of C$7.55, for a total transaction of C$411,527.85. Also, Senior Officer Matthew Stephen Bell sold 8,131 shares of CES Energy Solutions stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$6.92, for a total transaction of C$56,266.52. Insiders sold a total of 106,043 shares of company stock valued at $788,155 over the last 90 days. 2.91% of the stock is owned by company insiders.

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.