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

CES Energy Solutions Corp. (TSE:CEU) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$19.06.

Several research firms have recently issued reports on CEU. Raymond James Financial upped their price objective on CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. TD upped their price objective on CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. 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 note on Tuesday, April 14th. BMO Capital Markets upgraded CES Energy Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$21.00 to C$22.00 in a research note on Wednesday. Finally, National Bank Financial cut CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price for the company. in a research note on Wednesday, May 13th.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$16.23 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71. CES Energy Solutions has a 52 week low of C$6.51 and a 52 week high of C$19.58. The stock has a market capitalization of C$3.42 billion, a PE ratio of 16.73, a P/E/G ratio of 0.61 and a beta of 0.52. The firm has a 50 day moving average of C$17.65 and a two-hundred day moving average of C$16.09.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 EPS for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. The company had revenue of C$681.51 million during the quarter. On average, research analysts predict that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

Insider Buying and Selling at CES Energy Solutions

In related news, insider Kenneth Earl Zinger acquired 10,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was bought at an average price of C$15.00 per share, for a total transaction of C$150,000.00. Following the completion of the purchase, the insider directly owned 1,682,857 shares of the company’s stock, valued at approximately C$25,242,855. The trade was a 0.60% increase in their position. Also, Director John Michael Hooks sold 133,800 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total transaction of C$2,531,496.00. Following the completion of the transaction, the director owned 902,565 shares of the company’s stock, valued at C$17,076,529.80. This represents a 12.91% decrease in their position. Corporate insiders own 3.03% of the company’s stock.

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.