CES Energy Solutions Corp. (TSE:CEU) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$14.93.

CEU has been the subject of a number of recent analyst reports. TD Securities downgraded shares of CES Energy Solutions from a “buy” rating to a “hold” rating and raised their price target for the stock from C$12.00 to C$16.00 in a research report on Monday, January 26th. ATB Cormark Capital Markets increased 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 note on Monday, January 26th. National Bank Financial raised their price objective on shares of 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. BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, Raymond James Financial upped their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th.

Insiders Place Their Bets

In related news, insider Kenneth Earl Zinger sold 46,100 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$18.35, for a total value of C$845,935.00. Following the completion of the sale, the insider directly owned 1,821,757 shares of the company’s stock, valued at C$33,429,240.95. The trade was a 2.47% decrease in their ownership of the stock. Insiders sold 401,000 shares of company stock valued at $7,379,734 over the last three months. 3.03% of the stock is owned by insiders.

CES Energy Solutions Stock Performance

Shares of CEU opened at C$17.67 on Monday. CES Energy Solutions has a one year low of C$5.59 and a one year high of C$19.58. The stock has a 50-day moving average price of C$16.72 and a 200 day moving average price of C$13.04. 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 company has a market capitalization of C$3.71 billion, a P/E ratio of 19.21, a P/E/G ratio of 0.61 and a beta of 0.70.

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