CES Energy Solutions (TSE:CEU) Hits New 12-Month High – Should You Buy?

CES Energy Solutions Corp. (TSE:CEU)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$19.13 and last traded at C$19.13, with a volume of 382432 shares changing hands. The stock had previously closed at C$18.47.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. National Bank Financial increased their price target on shares of 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. ATB Cormark Capital Markets upped their target price on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a report on Monday, January 26th. Scotiabank increased their target price on shares of CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th. Raymond James Financial boosted their price target on CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. Finally, TD Securities downgraded CES Energy Solutions from a “buy” rating to a “hold” rating and upped their price objective for the company from C$12.00 to C$16.00 in a research note on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, CES Energy Solutions presently has an average rating of “Moderate Buy” and a consensus target price of C$14.93.

CES Energy Solutions Stock Performance

The company has a market cap of C$4.02 billion, a PE ratio of 20.85, a P/E/G ratio of 0.61 and a beta of 1.00. The company has a debt-to-equity ratio of 60.08, a quick ratio of 1.78 and a current ratio of 2.86. The stock’s 50-day simple moving average is C$16.34 and its 200 day simple moving average is C$12.68.

CES Energy Solutions (TSE:CEU) last issued its earnings results 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, equities analysts anticipate that CES Energy Solutions Corp. 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.