Brokerages Set CES Energy Solutions Corp. (TSE:CEU) PT at C$18.94

CES Energy Solutions Corp. (TSE:CEU) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$18.94.

A number of analysts have recently weighed in on CEU shares. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. National Bank Financial lowered CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target for the company. in a research note on Wednesday, May 13th. TD lowered their price target on CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Finally, Royal Bank Of Canada lifted their price target on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Director John Michael Hooks sold 133,800 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total value of C$2,531,496.00. Following the sale, the director directly owned 902,565 shares in the company, valued at approximately C$17,076,529.80. The trade was a 12.91% decrease in their ownership of the stock. Also, insider Matthew Stephen Bell sold 26,840 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$430,513.60. Following the completion of the sale, the insider directly owned 17,000 shares of the company’s stock, valued at C$272,680. The trade was a 61.22% decrease in their ownership of the stock. Over the last three months, insiders have sold 205,683 shares of company stock valued at $3,684,499. Corporate insiders own 3.03% of the company’s stock.

CES Energy Solutions Price Performance

Shares of TSE CEU opened at C$16.41 on Wednesday. The stock has a market cap of C$3.46 billion, a P/E ratio of 16.92, a P/E/G ratio of 0.61 and a beta of 0.51. The firm’s 50-day simple moving average is C$16.99 and its 200 day simple moving average is C$16.52. CES Energy Solutions has a fifty-two week low of C$7.04 and a fifty-two week high of C$19.58. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. The firm had revenue of C$681.51 million during the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. Equities analysts expect that CES Energy Solutions will post 0.8600646 EPS for the current 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.