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

Shares of CES Energy Solutions Corp. (TSE:CEU) have been given an average rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$10.96.

CEU has been the topic of a number of analyst reports. Scotiabank lifted their price objective on CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. TD Securities raised their target price on CES Energy Solutions from C$9.00 to C$11.00 in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada lifted their price target on CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th.

CES Energy Solutions Stock Performance

CEU opened at C$11.09 on Friday. CES Energy Solutions has a twelve month low of C$5.59 and a twelve month high of C$11.29. The firm has a market capitalization of C$2.43 billion, a PE ratio of 13.86, a PEG ratio of 0.61 and a beta of 0.66. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. The firm’s 50-day moving average price is C$9.20 and its 200 day moving average price is C$7.78.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, November 13th. The company reported C$0.18 earnings per share for the quarter. The business had revenue of C$623.22 million for the quarter. CES Energy Solutions had a net margin of 8.62% and a return on equity of 27.61%. As a group, sell-side analysts expect that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Company Profile

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.