CES Energy Solutions (TSE:CEU) Price Target Raised to C$22.00 at Royal Bank Of Canada

CES Energy Solutions (TSE:CEU) had its price target lifted by Royal Bank Of Canada from C$20.00 to C$22.00 in a report released on Tuesday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

CEU has been the topic of several other reports. Scotiabank raised their price objective on shares of CES Energy Solutions from C$12.25 to C$16.00 in a research report on Thursday, January 29th. TD Securities downgraded shares of CES Energy Solutions from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$12.00 to C$16.00 in a research report on Monday, January 26th. Raymond James Financial raised their price objective on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. 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, ATB Cormark Capital Markets raised their price objective 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, January 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, CES Energy Solutions presently has an average rating of “Moderate Buy” and an average price target of C$16.50.

CES Energy Solutions Trading Down 3.4%

Shares of CES Energy Solutions stock opened at C$17.67 on Tuesday. CES Energy Solutions has a 1 year low of C$5.75 and a 1 year high of C$19.58. 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 PEG ratio of 0.61 and a beta of 0.70. The company’s fifty day moving average is C$17.22 and its two-hundred day moving average is C$13.48.

CES Energy Solutions (TSE:CEU) last issued 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 net margin of 8.21% and a return on equity of 25.37%. The company had revenue of C$664.51 million for the quarter. Analysts forecast that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

Insider Buying and Selling at CES Energy Solutions

In other news, insider Kenneth Earl Zinger sold 46,100 shares of CES Energy Solutions stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of C$18.35, for a total value of C$845,935.00. Following the sale, the insider 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 have sold a total of 401,000 shares of company stock valued at $7,379,734 over the last quarter. 3.03% of the stock is owned by 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.