CES Energy Solutions Corp. (TSE:CEU) Receives Average Rating of “Buy” from Analysts

CES Energy Solutions Corp. (TSE:CEU) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$12.96.

CEU has been the topic of several recent analyst reports. National Bankshares boosted their target price on shares of 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 CES Energy Solutions from a “buy” rating to a “hold” rating and upped their price target for the company from C$12.00 to C$16.00 in a research report on Monday. Raymond James Financial downgraded CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. ATB Capital lifted their target price on CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday. Finally, Royal Bank Of Canada upped their target price on 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.

CES Energy Solutions Stock Performance

Shares of CEU opened at C$13.80 on Thursday. The company has a 50-day moving average of C$12.65 and a two-hundred day moving average of C$10.03. The stock has a market cap of C$2.93 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 0.61 and a beta of 0.81. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. CES Energy Solutions has a one year low of C$5.59 and a one year high of C$14.65.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.18 EPS 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, equities research analysts expect that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

Insiders Place Their Bets

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

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.