CES Energy Solutions (TSE:CEU) Given New C$7.00 Price Target at TD Securities

CES Energy Solutions (TSE:CEU) had its price target upped by analysts at TD Securities from C$6.00 to C$7.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 26.81% from the stock’s previous close.

Several other analysts also recently issued reports on the company. BMO Capital Markets increased their price target on CES Energy Solutions from C$5.50 to C$6.00 in a report on Thursday, March 28th. Royal Bank of Canada raised their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research note on Friday, March 1st. ATB Capital raised their target price on CES Energy Solutions from C$5.25 to C$6.50 in a research note on Wednesday, April 3rd. Scotiabank raised their target price on CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. Finally, Raymond James raised their target price on CES Energy Solutions from C$6.50 to C$6.75 and gave the company a “strong-buy” rating in a research note on Monday, March 4th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$6.23.

CES Energy Solutions Stock Up 3.4 %

Shares of TSE CEU opened at C$5.52 on Thursday. CES Energy Solutions has a 12-month low of C$2.30 and a 12-month high of C$5.80. The company has a market cap of C$1.30 billion, a P/E ratio of 9.05, a P/E/G ratio of 0.61 and a beta of 2.46. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 70.47. The stock has a fifty day moving average price of C$4.80 and a 200 day moving average price of C$4.05.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. The firm had revenue of C$553.46 million during the quarter, compared to the consensus estimate of C$538.23 million. Research analysts anticipate that CES Energy Solutions will post 0.6553738 EPS for the current fiscal year.

Insider Transactions at CES Energy Solutions

In other news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total transaction of C$212,850.00. In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. Also, Director John Michael Hooks sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$4.76, for a total transaction of C$475,610.00. Over the last 90 days, insiders have sold 498,360 shares of company stock valued at $2,417,920. Insiders own 2.35% of the company’s stock.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.