CES Energy Solutions (TSE:CEU) Stock Price Expected to Rise, ATB Capital Analyst Says

CES Energy Solutions (TSE:CEU) had its target price hoisted by equities researchers at ATB Capital from C$14.00 to C$14.50 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price target points to a potential upside of 18.37% from the company’s previous close.

Several other equities analysts have also recently weighed in on CEU. National Bankshares lifted their price objective on CES Energy Solutions from C$10.50 to C$13.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Scotiabank raised their target price on shares of CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. Royal Bank Of Canada upped their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Raymond James Financial cut shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, November 17th. Finally, TD Securities increased their target price on CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$11.46.

CES Energy Solutions Stock Up 0.2%

Shares of CES Energy Solutions stock opened at C$12.25 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. CES Energy Solutions has a 12 month low of C$5.59 and a 12 month high of C$13.24. The stock has a market cap of C$2.61 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. The business has a fifty day simple moving average of C$10.81 and a 200 day simple moving average of C$8.84.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.18 EPS for the quarter. The company had revenue of C$623.22 million during the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%. Research analysts predict that CES Energy Solutions will post 0.8600646 EPS for the current year.

Insider Transactions at CES Energy Solutions

In other news, insider Anthony Michael Aulicino bought 4,545 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average cost of C$10.97 per share, with a total value of C$49,858.65. Following the acquisition, the insider owned 1,222,367 shares in the company, valued at C$13,409,365.99. This trade represents a 0.37% increase in their ownership of the stock. Also, Director John Michael Hooks purchased 44,700 shares of CES Energy Solutions stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of C$11.09 per share, with a total value of C$495,723.00. Following the acquisition, the director directly owned 825,981 shares of the company’s stock, valued at C$9,160,129.29. This trade represents a 5.72% increase in their position. Insiders have bought 54,245 shares of company stock worth $600,232 in the last ninety days. Insiders own 3.03% of the company’s stock.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.