CES Energy Solutions Corp. (TSE:CEU) Given Consensus Rating of “Moderate Buy” by Analysts

CES Energy Solutions Corp. (TSE:CEU) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$18.94.

A number of analysts have commented on the company. Royal Bank Of Canada boosted their target price on CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. TD dropped their price target on CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating for the company in a research report on Monday, July 13th. National Bank Financial downgraded CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target for the company. in a research note on Wednesday, May 13th. Finally, BMO Capital Markets raised CES Energy Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$21.00 to C$22.00 in a research note on Wednesday, June 24th.

Insider Activity

In other CES Energy Solutions news, insider Mihir Patel sold 12,184 shares of CES Energy Solutions stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$195,431.36. Following the completion of the transaction, the insider owned 16,571 shares in the company, valued at approximately C$265,798.84. The trade was a 42.37% decrease in their ownership of the stock. Also, insider David Allyn Burroughs sold 28,815 shares of CES Energy Solutions stock in a transaction dated Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$462,192.60. Insiders sold a total of 205,683 shares of company stock worth $3,684,499 in the last three months. Company insiders own 3.03% of the company’s stock.

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$16.41 on Wednesday. The business’s 50 day simple moving average is C$16.99 and its 200-day simple moving average is C$16.55. The firm has a market capitalization of C$3.46 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 0.61 and a beta of 0.51. The company has a debt-to-equity ratio of 55.71, a current ratio of 2.75 and a quick ratio of 1.78. CES Energy Solutions has a 12 month low of C$7.04 and a 12 month high of C$19.58.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share for the quarter. CES Energy Solutions had a return on equity of 26.01% and a net margin of 8.29%.The business had revenue of C$681.51 million for the quarter. As a group, equities analysts forecast that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

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.