National Bankshares Raises CES Energy Solutions (TSE:CEU) Price Target to C$15.00

CES Energy Solutions (TSE:CEU) had its price target boosted by investment analysts at National Bankshares from C$13.00 to C$15.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 23.15% from the company’s previous close.

Several other research firms have also weighed in on CEU. ATB Capital raised their price objective on shares of CES Energy Solutions from C$14.00 to C$14.50 and gave the company an “outperform” rating in a research report on Friday, December 19th. TD Securities increased their target price on shares of 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 research report on Monday, November 17th. Scotiabank upped their price target on CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. Finally, Royal Bank Of Canada increased their price objective on 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. Based on data from MarketBeat, CES Energy Solutions has a consensus rating of “Buy” and a consensus price target of C$11.79.

CES Energy Solutions Stock Performance

Shares of TSE CEU opened at C$12.18 on Friday. CES Energy Solutions has a 1 year low of C$5.59 and a 1 year high of C$13.24. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. The stock has a fifty day moving average price of C$11.70 and a two-hundred day moving average price of C$9.41. The firm has a market cap of C$2.59 billion, a P/E ratio of 15.42, a PEG ratio of 0.61 and a beta of 0.81.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data 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 during the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%. Research analysts forecast that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

Insider Activity

In other CES Energy Solutions news, insider Kenneth Earl Zinger acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of C$10.93 per share, for a total transaction of C$54,650.00. Following the transaction, the insider owned 1,872,857 shares of the company’s stock, valued at C$20,470,327.01. The trade was a 0.27% increase in their position. Also, Director John Michael Hooks bought 44,700 shares of the stock in a transaction on Tuesday, November 18th. The shares were acquired at an average cost of C$11.09 per share, for a total transaction of C$495,723.00. Following the purchase, the director owned 825,981 shares in the company, valued at approximately C$9,160,129.29. This represents a 5.72% increase in their ownership of the stock. Over the last quarter, insiders have acquired 54,245 shares of company stock worth $600,232. 3.03% of the stock is owned by corporate insiders.

CES Energy Solutions Company Profile

CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES’ business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.