CES Energy Solutions (TSE:CEU) Hits New 12-Month High – Here’s Why

CES Energy Solutions Corp. (TSE:CEU) shares hit a new 52-week high on Saturday . The company traded as high as C$11.29 and last traded at C$11.09, with a volume of 2065737 shares changing hands. The stock had previously closed at C$9.53.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CEU shares. TD Securities boosted their price objective on CES Energy Solutions from C$9.00 to C$11.00 in a research report on Tuesday, October 14th. Royal Bank Of Canada lifted their target price 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. Finally, Scotiabank boosted their target price on CES Energy Solutions from C$9.50 to C$10.25 in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$10.96.

CES Energy Solutions Stock Up 16.4%

The firm has a market cap of C$2.36 billion, a PE ratio of 14.04, a PEG ratio of 0.61 and a beta of 0.66. The business’s 50 day moving average price is C$9.20 and its 200 day moving average price is C$7.81. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.18 earnings per share (EPS) for the quarter. The firm had revenue of C$623.22 million for the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%. On average, equities research analysts expect that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

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.