ATB Capital Increases CES Energy Solutions (TSE:CEU) Price Target to C$16.50

CES Energy Solutions (TSE:CEU) had its price objective raised by investment analysts at ATB Capital from C$14.50 to C$16.50 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price target indicates a potential upside of 17.27% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Raymond James Financial downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. Scotiabank lifted their price target on shares of CES Energy Solutions from C$9.50 to C$10.25 in a research note on Friday, October 17th. TD Securities boosted their price target on shares of CES Energy Solutions from C$9.00 to C$11.00 in a research note on Tuesday, October 14th. National Bankshares lifted their price objective on CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Finally, Royal Bank Of Canada raised their price target on CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$12.96.

CES Energy Solutions Trading Up 0.6%

Shares of CEU stock opened at C$14.07 on Monday. The company has a market capitalization of C$2.99 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. CES Energy Solutions has a 52-week low of C$5.59 and a 52-week high of C$14.65. The business’s fifty day moving average is C$12.60 and its 200 day moving average is C$10.01. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, November 13th. The company reported C$0.18 earnings per share for the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%.The business had revenue of C$623.22 million for the quarter. On average, equities research analysts anticipate that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

Insider Activity

In other news, insider Kenneth Earl Zinger purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of C$10.93 per share, for a total transaction of C$54,650.00. Following the acquisition, the insider directly owned 1,872,857 shares of the company’s stock, valued at approximately C$20,470,327.01. This represents a 0.27% increase in their ownership of the stock. Also, insider Anthony Michael Aulicino acquired 4,545 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average price of C$10.97 per share, with a total value of C$49,858.65. Following the completion of the transaction, the insider directly owned 1,222,367 shares of the company’s stock, valued at C$13,409,365.99. This trade represents a 0.37% increase in their position. Insiders bought a total of 54,245 shares of company stock valued at $600,232 in the last 90 days. Company insiders own 3.03% of the company’s stock.

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.