Analysts Set CES Energy Solutions Corp. (TSE:CEU) Price Target at C$13.92

CES Energy Solutions Corp. (TSE:CEU) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$14.93.

CEU has been the topic of a number of research reports. National Bank Financial raised their price target 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. Scotiabank increased their price objective on shares of CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th. ATB Cormark Capital Markets boosted their price objective on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, January 26th. BMO Capital Markets cut CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, TD Securities cut CES Energy Solutions from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$12.00 to C$16.00 in a research report on Monday, January 26th.

CES Energy Solutions Stock Performance

Shares of TSE CEU opened at C$18.27 on Thursday. The firm’s 50-day moving average price is C$15.16 and its 200-day moving average price is C$11.97. The company has a quick ratio of 1.78, a current ratio of 2.86 and a debt-to-equity ratio of 60.08. The company has a market cap of C$3.89 billion, a PE ratio of 23.13, a PEG ratio of 0.61 and a beta of 1.00. CES Energy Solutions has a 52-week low of C$5.59 and a 52-week high of C$18.99.

CES Energy Solutions (TSE:CEU) last released 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, analysts anticipate that CES Energy Solutions will post 0.8600646 EPS for the current year.

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.