CES Energy Solutions (TSE:CEU) PT Raised to C$8.50

CES Energy Solutions (TSE:CEU) had its target price hoisted by equities researchers at Stifel Nicolaus from C$7.50 to C$8.50 in a report issued on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 30.17% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Raymond James boosted their target price on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the company a “strong-buy” rating in a research note on Monday, March 4th. ATB Capital lifted their target price on shares of CES Energy Solutions from C$5.25 to C$6.50 in a research note on Wednesday, April 3rd. Royal Bank of Canada raised their price target on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Friday, March 1st. Scotiabank increased their target price on CES Energy Solutions from C$5.30 to C$5.85 in a report on Monday, March 4th. Finally, TD Securities lifted their price target on CES Energy Solutions from C$6.00 to C$7.00 in a report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$7.36.

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$6.53 on Thursday. The business’s 50 day moving average is C$5.26 and its 200-day moving average is C$4.26. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 70.47. The firm has a market capitalization of C$1.53 billion, a PE ratio of 10.70, a PEG ratio of 0.61 and a beta of 2.46. CES Energy Solutions has a 1-year low of C$2.30 and a 1-year high of C$6.67.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The business had revenue of C$553.46 million for the quarter, compared to analysts’ expectations of C$538.23 million. Sell-side analysts predict that CES Energy Solutions will post 0.6391403 earnings per share for the current year.

Insider Transactions at CES Energy Solutions

In other news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$4.71, for a total value of C$708,060.28. In other news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$4.71, for a total transaction of C$708,060.28. Also, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. Insiders sold a total of 498,360 shares of company stock worth $2,417,920 in the last quarter. 2.35% of the stock is owned by company insiders.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.