CES Energy Solutions Corp. (TSE:CEU) Receives C$14.93 Average Target Price from Brokerages

CES Energy Solutions Corp. (TSE:CEU) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$14.93.

CEU has been the topic of several analyst reports. ATB Cormark Capital Markets boosted their price target on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a report on Monday, January 26th. Raymond James Financial boosted their price target on shares of CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. National Bank Financial boosted their price target on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Scotiabank boosted their price target on shares of CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. Finally, TD Securities lowered shares of CES Energy Solutions from a “buy” rating to a “hold” rating and boosted their price target for the company from C$12.00 to C$16.00 in a report on Monday, January 26th.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, insider Kenneth Earl Zinger sold 46,100 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$18.35, for a total value of C$845,935.00. Following the sale, the insider owned 1,821,757 shares of the company’s stock, valued at C$33,429,240.95. The trade was a 2.47% decrease in their position. Over the last 90 days, insiders have sold 401,000 shares of company stock valued at $7,379,734. Insiders own 3.03% of the company’s stock.

CES Energy Solutions Stock Performance

TSE:CEU opened at C$17.79 on Monday. The company has a market cap of C$3.73 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 0.61 and a beta of 0.70. The company has a debt-to-equity ratio of 60.08, a quick ratio of 1.78 and a current ratio of 2.86. The firm’s 50-day moving average is C$16.95 and its 200-day moving average is C$13.20. CES Energy Solutions has a 52-week low of C$5.59 and a 52-week high of C$19.58.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$0.53 earnings per share (EPS) for the quarter. CES Energy Solutions had a net margin of 8.21% and a return on equity of 25.37%. Equities research analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share 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.