CES Energy Solutions (TSE:CEU) Downgraded to “Hold” Rating by TD Securities

TD Securities lowered shares of CES Energy Solutions (TSE:CEU) from a buy rating to a hold rating in a report released on Monday morning,BayStreet.CA reports. TD Securities currently has C$16.00 target price on the stock, up from their prior target price of C$12.00.

Other research analysts have also recently issued research reports about the stock. ATB Capital raised their target price on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a report on Monday. Royal Bank Of Canada lifted 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 note on Thursday, October 9th. Raymond James Financial downgraded CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. Scotiabank lifted their price target on CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. Finally, National Bankshares upped their price objective on CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, CES Energy Solutions presently has an average rating of “Buy” and an average target price of C$12.96.

CES Energy Solutions Trading Down 1.4%

CES Energy Solutions stock opened at C$13.99 on Monday. The stock has a 50-day moving average price of C$12.55 and a 200 day moving average price of C$9.96. The company has a market capitalization of C$2.98 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. CES Energy Solutions has a 52 week low of C$5.59 and a 52 week high of C$14.65. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26.

CES Energy Solutions (TSE:CEU) last posted its quarterly 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 company had revenue of C$623.22 million during the quarter. Sell-side analysts anticipate that CES Energy Solutions will post 0.8600646 EPS for the current year.

Insiders Place Their Bets

In other CES Energy Solutions news, insider Anthony Michael Aulicino acquired 4,545 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of C$10.97 per share, with a total value of C$49,858.65. Following the completion of the acquisition, the insider owned 1,222,367 shares in the company, valued at approximately C$13,409,365.99. This trade represents a 0.37% increase in their ownership of the stock. Also, insider Kenneth Earl Zinger acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of C$10.93 per share, with a total value of C$54,650.00. Following the completion of the transaction, the insider directly owned 1,872,857 shares of the company’s stock, valued at approximately C$20,470,327.01. This represents a 0.27% increase in their ownership of the stock. Over the last 90 days, insiders have acquired 54,245 shares of company stock worth $600,232. 3.03% of the stock is owned by corporate insiders.

About CES Energy Solutions

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.