CES Energy Solutions (TSE:CEU) Given New C$21.00 Price Target at Raymond James Financial

CES Energy Solutions (TSE:CEU) had its price objective hoisted by Raymond James Financial from C$15.00 to C$21.00 in a report issued on Thursday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. National Bank Financial boosted their price target on CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. TD Securities lowered shares of CES Energy Solutions from a “buy” rating to a “hold” rating and raised their price objective for the company from C$12.00 to C$16.00 in a research report on Monday, January 26th. ATB Cormark Capital Markets lifted 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 research note on Monday, January 26th. BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Scotiabank increased their price target on shares of CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.93.

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$18.32 on Thursday. The firm has a market cap of C$3.90 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 0.61 and a beta of 1.00. CES Energy Solutions has a 1 year low of C$5.59 and a 1 year high of C$18.99. The company has a current ratio of 2.86, a quick ratio of 1.78 and a debt-to-equity ratio of 60.08. The business has a fifty day simple moving average of C$15.04 and a 200 day simple moving average of C$11.88.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Tuesday, March 10th. The company reported C$0.53 EPS for the quarter. CES Energy Solutions had a return on equity of 25.37% and a net margin of 8.21%. As a group, sell-side analysts predict that CES Energy Solutions will post 0.8600646 earnings per share 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.