CES Energy Solutions (TSE:CEU) Stock Price Expected to Rise, Scotiabank Analyst Says

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

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

CES Energy Solutions Stock Up 2.7%

TSE CEU traded up C$0.37 during trading hours on Thursday, hitting C$14.17. The company’s stock had a trading volume of 418,031 shares, compared to its average volume of 777,088. The company 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 company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. CES Energy Solutions has a 52 week low of C$5.59 and a 52 week high of C$14.65. The company’s 50-day simple moving average is C$12.65 and its two-hundred day simple moving average is C$10.03.

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 firm had revenue of C$623.22 million during the quarter. Research analysts anticipate that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

Insider Buying and Selling at CES Energy Solutions

In other news, insider Anthony Michael Aulicino bought 4,545 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average cost of C$10.97 per share, with a total value of C$49,858.65. Following the completion of the transaction, the insider directly owned 1,222,367 shares of the company’s stock, valued at C$13,409,365.99. This represents a 0.37% increase in their position. Also, Director John Michael Hooks bought 44,700 shares of the stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of C$11.09 per share, for a total transaction of C$495,723.00. Following the completion of the purchase, the director owned 825,981 shares of the company’s stock, valued at approximately C$9,160,129.29. This trade represents a 5.72% increase in their ownership of the stock. Over the last ninety days, insiders bought 54,245 shares of company stock valued at $600,232. 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.