CES Energy Solutions Corp. (TSE:CEU) Given Consensus Recommendation of “Buy” by Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$12.96.

CEU has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted 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 note on Thursday, October 9th. ATB Capital boosted their price target on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday. National Bankshares increased their price objective on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the company 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. Finally, Scotiabank increased their price target on CES Energy Solutions from C$9.50 to C$10.25 in a research note on Friday, October 17th.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$13.80 on Thursday. CES Energy Solutions has a 12-month low of C$5.59 and a 12-month high of C$14.65. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The firm has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. The business has a 50 day simple moving average of C$12.65 and a 200 day simple moving average of C$10.03.

CES Energy Solutions (TSE:CEU) last announced 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 firm had revenue of C$623.22 million for the quarter. On average, equities research analysts anticipate that CES Energy Solutions will post 0.8600646 EPS for the current year.

Insider Activity

In other news, Director John Michael Hooks bought 44,700 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average price of C$11.09 per share, with a total value of C$495,723.00. Following the completion of the purchase, the director directly owned 825,981 shares of the company’s stock, valued at C$9,160,129.29. This represents a 5.72% increase in their position. Also, insider Kenneth Earl Zinger bought 5,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average cost of C$10.93 per share, for a total transaction of C$54,650.00. Following the completion of the acquisition, the insider owned 1,872,857 shares of the company’s stock, valued at C$20,470,327.01. This trade represents a 0.27% increase in their ownership of the stock. Insiders bought a total of 54,245 shares of company stock worth $600,232 over the last 90 days. 3.03% of the stock is currently owned by company 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.