CES Energy Solutions Corp. (TSE:CEU) Given Consensus Rating of “Moderate Buy” by Brokerages

CES Energy Solutions Corp. (TSE:CEU) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$19.72.

Several equities analysts recently issued reports on CEU shares. TD dropped their price target on CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Scotia raised their target price on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the company a “sector outperform” rating in a report on Monday, August 10th. Raymond James Financial upped their target price on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an “outperform” rating in a report on Monday, August 10th. National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price objective on the stock in a report on Friday, August 7th. Finally, BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$21.00 to C$22.00 in a research report on Wednesday, June 24th.

Insider Buying and Selling at CES Energy Solutions

In other news, insider Mihir Patel sold 12,184 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$195,431.36. Following the transaction, the insider directly owned 16,571 shares of the company’s stock, valued at approximately C$265,798.84. The trade was a 42.37% decrease in their ownership of the stock. Also, insider David Allyn Burroughs sold 28,815 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$462,192.60. In the last quarter, insiders sold 71,883 shares of company stock valued at $1,153,003. 3.03% of the stock is owned by company insiders.

CES Energy Solutions Stock Down 0.4%

Shares of TSE CEU opened at C$18.90 on Thursday. CES Energy Solutions has a 52-week low of C$8.19 and a 52-week high of C$19.64. The company has a quick ratio of 1.78, a current ratio of 2.70 and a debt-to-equity ratio of 55.36. The stock has a market cap of C$3.96 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 0.61 and a beta of 0.50. The business has a 50-day moving average price of C$17.41 and a 200 day moving average price of C$17.54.

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.