CES Energy Solutions (TSE:CEU) Stock Rating Lowered by Raymond James Financial

CES Energy Solutions (TSE:CEU) was downgraded by Raymond James Financial from a “strong-buy” rating to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

CEU has been the subject of several other reports. TD Securities increased their price target on CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. Scotiabank upped their target price on CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. Finally, Royal Bank Of Canada increased their target price on CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, CES Energy Solutions presently has a consensus rating of “Buy” and an average target price of C$10.96.

CES Energy Solutions Stock Performance

TSE CEU opened at C$11.22 on Monday. 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 has a 1-year low of C$5.59 and a 1-year high of C$11.29. The firm has a market capitalization of C$2.39 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.61 and a beta of 0.66. The business’s 50-day simple moving average is C$9.30 and its 200-day simple moving average is C$7.87.

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