CES Energy Solutions Corp. (CEU.TO) – What Are Analysts Thinking About This Stock?

CES Energy Solutions Corp. (TSE:CEU) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$21.06.

A number of equities research analysts have recently issued reports on CEU shares. National Bank Financial boosted their price target on shares of CES Energy Solutions from C$20.00 to C$24.00 and gave the company an “outperform” rating in a report on Monday. TD raised their price objective on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research note on Tuesday, October 20th. Scotia raised their price objective on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 10th. Raymond James Financial lifted their price objective on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, ATB Cormark Capital Markets downgraded shares of CES Energy Solutions from a “moderate buy” rating to a “hold” rating and boosted their target price for the company from C$21.00 to C$23.50 in a research note on Monday.

Insider Activity at CES Energy Solutions

In other news, Director John Michael Hooks sold 78,700 shares of CES Energy Solutions stock in a transaction on Thursday, September 10th. The stock was sold at an average price of C$19.10, for a total transaction of C$1,503,170.00. Following the transaction, the director owned 787,351 shares in the company, valued at approximately C$15,038,404.10. The trade was a 9.09% decrease in their ownership of the stock. 3.03% of the stock is currently owned by company insiders.

CES Energy Solutions Price Performance

TSE CEU opened at C$20.84 on Friday. The stock’s 50-day moving average price is C$19.12 and its two-hundred day moving average price is C$17.53. The company has a current ratio of 2.70, a quick ratio of 1.78 and a debt-to-equity ratio of 55.36. The company has a market cap of C$4.37 billion, a PE ratio of 22.65, a PEG ratio of 0.61 and a beta of 0.94. CES Energy Solutions has a 1 year low of C$9.17 and a 1 year high of C$21.16.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.18 EPS for the quarter. CES Energy Solutions had a net margin of 7.36% and a return on equity of 23.68%. The company had revenue of C$714.08 million during the quarter. On average, analysts predict that CES Energy Solutions will post 0.86 EPS for the current year.

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.