CES Energy Solutions Corp. (TSE:CEU) Receives C$13.92 Average Target Price from Brokerages

CES Energy Solutions Corp. (TSE:CEU) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$14.93.

Several analysts recently issued reports on the stock. Scotiabank upped their price target on shares of CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. National Bank Financial raised their price objective on shares of 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. BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Raymond James Financial upped their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Finally, ATB Cormark Capital Markets increased their price target on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday, January 26th.

CES Energy Solutions Price Performance

CEU stock opened at C$18.26 on Thursday. The stock’s 50 day moving average is C$15.29 and its two-hundred day moving average is C$12.07. CES Energy Solutions has a 52-week low of C$5.59 and a 52-week high of C$18.99. The company has a market capitalization of C$3.88 billion, a PE ratio of 23.11, a P/E/G ratio of 0.61 and a beta of 1.00. The company has a quick ratio of 1.78, a current ratio of 2.86 and a debt-to-equity ratio of 60.08.

CES Energy Solutions (TSE:CEU) last released its earnings results on Tuesday, March 10th. The company reported C$0.53 EPS for the quarter. CES Energy Solutions had a return on equity of 25.37% and a net margin of 8.21%. Analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

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.