CES Energy Solutions (TSE:CEU) Given New C$16.50 Price Target at ATB Capital

CES Energy Solutions (TSE:CEU) had its price objective raised by ATB Capital from C$14.50 to C$16.50 in a research note published on Monday morning,BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. National Bankshares lifted their target price on CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Raymond James Financial cut CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. Royal Bank Of Canada lifted their price objective on CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Scotiabank increased their target price on CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. Finally, TD Securities boosted their price target on shares of CES Energy Solutions from C$9.00 to C$11.00 in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$12.96.

CES Energy Solutions Price Performance

CEU stock opened at C$13.99 on Monday. 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 company’s fifty day moving average price is C$12.55 and its 200-day moving average price is C$9.96. CES Energy Solutions has a one year low of C$5.59 and a one year high of C$14.65. The company has a market capitalization of C$2.98 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81.

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

Insider Activity

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