CES Energy Solutions Corp. (TSE:CEU) Receives Consensus Recommendation of “Buy” from Analysts

CES Energy Solutions Corp. (TSE:CEU) has received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$10.54.

A number of research analysts have commented on CEU shares. National Bank Financial upgraded CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 2nd. National Bankshares upgraded shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$14.50 target price for the company in a research note on Thursday, July 3rd. Finally, ATB Capital cut their price target on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th.

Insider Activity

In related news, Senior Officer Mihir Patel sold 4,484 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of C$6.86, for a total transaction of C$30,760.24. Also, Senior Officer Kenneth Earl Zinger sold 31,222 shares of the business’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of C$6.78, for a total transaction of C$211,685.16. Insiders have sold 131,220 shares of company stock worth $894,345 over the last 90 days. 3.03% of the stock is owned by corporate insiders.

CES Energy Solutions Stock Up 0.6%

TSE:CEU opened at C$8.29 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. The stock’s fifty day moving average is C$7.40 and its two-hundred day moving average is C$7.02. CES Energy Solutions has a 52 week low of C$5.59 and a 52 week high of C$10.20. The stock has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.61 and a beta of 0.97.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.