CES Energy Solutions (TSE:CEU) Reaches New 12-Month High – Here’s What Happened

CES Energy Solutions Corp. (TSE:CEU) reached a new 52-week high on Wednesday . The company traded as high as C$13.36 and last traded at C$13.29, with a volume of 69575 shares. The stock had previously closed at C$12.98.

Analyst Ratings Changes

CEU has been the subject of a number of recent analyst reports. Scotiabank boosted their target price on shares of CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. ATB Capital upped their target price on shares of CES Energy Solutions from C$14.00 to C$14.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. TD Securities increased their target price on CES Energy Solutions from C$9.00 to C$11.00 in a research note on Tuesday, October 14th. National Bankshares upped their price objective on CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Finally, Raymond James Financial lowered CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$11.79.

CES Energy Solutions Stock Performance

The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The firm’s fifty day moving average is C$11.83 and its 200 day moving average is C$9.52. The firm has a market capitalization of C$2.85 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 0.61 and a beta of 0.81.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.18 EPS for the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%.The business had revenue of C$623.22 million for the quarter. On average, analysts predict that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Anthony Michael Aulicino acquired 4,545 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of C$10.97 per share, with a total value of C$49,858.65. Following the completion of the acquisition, the insider owned 1,222,367 shares of the company’s stock, valued at C$13,409,365.99. This trade represents a 0.37% increase in their ownership of the stock. Also, insider Kenneth Earl Zinger bought 5,000 shares of CES Energy Solutions stock in a transaction dated 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 purchase, the insider directly owned 1,872,857 shares in the company, valued at C$20,470,327.01. This represents a 0.27% increase in their position. Insiders have acquired a total of 54,245 shares of company stock valued at $600,232 in the last three months. Company 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.