CES Energy Solutions (TSE:CEU) Stock Rating Lowered by TD Securities

CES Energy Solutions (TSE:CEU) was downgraded by investment analysts at TD Securities from a “buy” rating to a “hold” rating in a report released on Monday, MarketBeat reports. They presently have a C$16.00 target price on the stock, up from their previous target price of C$12.00. TD Securities’ price objective suggests a potential upside of 13.72% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. National Bankshares raised their price target on CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Royal Bank Of Canada upped 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. 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. ATB Capital raised their price objective on CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a report on Monday. Finally, Scotiabank upped their price objective on CES Energy Solutions from C$9.50 to C$10.25 in a research note on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$12.96.

CES Energy Solutions Stock Up 0.6%

Shares of CEU opened at C$14.07 on Monday. The firm has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.61 and a beta of 0.81. 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 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 price is C$12.60 and its two-hundred day moving average price is C$10.01.

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

Insider Activity

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

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.