Scotiabank Increases CES Energy Solutions (TSE:CEU) Price Target to C$16.00

CES Energy Solutions (TSE:CEU) had its price target boosted by stock analysts at Scotiabank from C$12.25 to C$16.00 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 12.68% from the stock’s current price.

Other research analysts have also issued reports about the company. National Bankshares boosted their target price 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. TD Securities downgraded shares of CES Energy Solutions from a “buy” rating to a “hold” rating and upped their price objective for the company from C$12.00 to C$16.00 in a report on Monday, January 26th. Royal Bank Of Canada raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. ATB Capital upped their price target on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Raymond James Financial cut shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, CES Energy Solutions has an average rating of “Buy” and a consensus price target of C$13.92.

CES Energy Solutions Stock Down 0.4%

CES Energy Solutions stock opened at C$14.20 on Thursday. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The company’s 50-day moving average is C$12.75 and its 200-day moving average is C$10.11. The firm has a market capitalization of C$3.02 billion, a PE ratio of 17.97, a P/E/G ratio of 0.61 and a beta of 0.81. CES Energy Solutions has a fifty-two week low of C$5.59 and a fifty-two week high of C$14.65.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.18 EPS for the quarter. The business 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%. Sell-side analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

Insider Buying and Selling

In other CES Energy Solutions news, Director John Michael Hooks acquired 44,700 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of C$11.09 per share, for a total transaction of C$495,723.00. Following the purchase, 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 ownership of the stock. 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 three months, insiders have 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.