CES Energy Solutions (TSE:CEU) Stock Rating Lowered by BMO Capital Markets

CES Energy Solutions (TSE:CEU) was downgraded by analysts at BMO Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on CEU. ATB Cormark Capital Markets raised their price target on CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, January 26th. TD Securities cut CES Energy Solutions from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$12.00 to C$16.00 in a research report on Monday, January 26th. Scotiabank increased their price objective on CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. National Bank Financial boosted their target price on CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. Finally, Raymond James Financial downgraded CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, CES Energy Solutions presently has a consensus rating of “Moderate Buy” and an average price target of C$14.93.

CES Energy Solutions Stock Up 0.4%

Shares of CES Energy Solutions stock opened at C$18.32 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 2.86 and a debt-to-equity ratio of 60.08. CES Energy Solutions has a 52-week low of C$5.59 and a 52-week high of C$18.99. The company has a market capitalization of C$3.90 billion, a P/E ratio of 23.19, a P/E/G ratio of 0.61 and a beta of 1.00. The company has a 50 day moving average of C$15.04 and a 200 day moving average of C$11.88.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Tuesday, March 10th. The company reported C$0.53 earnings per share for the quarter. CES Energy Solutions had a net margin of 8.21% and a return on equity of 25.37%. As a group, research analysts forecast that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

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.