National Bankshares Forecasts Strong Price Appreciation for CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions (TSE:CEU) had its target price boosted by analysts at National Bankshares from C$10.50 to C$13.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 13.04% from the company’s current price.

A number of other analysts have also weighed in on the company. TD Securities increased their price objective on CES Energy Solutions from C$9.00 to C$11.00 in a research note on Tuesday, October 14th. Raymond James Financial lowered shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. Scotiabank raised their price target on shares of CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$10.71.

CES Energy Solutions Stock Down 1.5%

Shares of TSE:CEU opened at C$11.50 on Thursday. The stock’s 50-day moving average price is C$9.48 and its 200-day moving average price is C$7.96. CES Energy Solutions has a 12-month low of C$5.59 and a 12-month high of C$12.10. The stock has a market capitalization of C$2.45 billion, a P/E ratio of 14.56, a price-to-earnings-growth 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.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Thursday, November 13th. The company reported C$0.18 earnings per share for the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%.The company had revenue of C$623.22 million during the quarter. On average, equities analysts anticipate that CES Energy Solutions 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.