CES Energy Solutions Corp. (TSE:CEU) Receives C$10.54 Consensus Price Target from Analysts

CES Energy Solutions Corp. (TSE:CEU) has been given an average rating of “Buy” by the eight ratings firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$10.54.

Several research firms have recently weighed in on CEU. ATB Capital lowered their target price on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. National Bankshares raised shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$14.50 target price on the stock in a report on Thursday, July 3rd. BMO Capital Markets lowered their target price on shares of CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. National Bank Financial raised shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 2nd. Finally, TD Securities lowered their target price on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer James Farnsworth Strickland sold 22,523 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of C$6.86, for a total transaction of C$154,507.78. Also, Senior Officer Matthew Stephen Bell sold 22,523 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of C$6.86, for a total transaction of C$154,507.78. Insiders have sold 131,220 shares of company stock worth $894,345 over the last quarter. Corporate insiders own 3.03% of the company’s stock.

CES Energy Solutions Stock Up 0.5%

CEU opened at C$7.42 on Friday. The firm’s 50-day simple moving average is C$6.64 and its 200-day simple moving average is C$7.38. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. CES Energy Solutions has a twelve month low of C$5.59 and a twelve month high of C$10.20. The firm has a market cap of C$1.66 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.