CES Energy Solutions (TSE:CEU) Price Target Raised to C$16.50

CES Energy Solutions (TSE:CEU) had its price objective increased by ATB Capital from C$14.50 to C$16.50 in a report released on Monday morning,BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on the company. Royal Bank Of Canada raised their price target on CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Raymond James Financial downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. Scotiabank lifted their price target on shares of CES Energy Solutions from C$9.50 to C$10.25 in a research note on Friday, October 17th. TD Securities increased their price objective on shares of CES Energy Solutions from C$9.00 to C$11.00 in a research report on Tuesday, October 14th. Finally, National Bankshares boosted their target price on CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$12.96.

CES Energy Solutions Stock Down 1.9%

Shares of TSE CEU opened at C$13.80 on Monday. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. CES Energy Solutions has a 12-month low of C$5.59 and a 12-month high of C$14.65. The firm’s 50-day moving average price is C$12.65 and its 200-day moving average price is C$10.03. The stock has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 0.61 and a beta of 0.81.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.18 earnings per share for the quarter. The company had revenue of C$623.22 million for the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%. On average, equities research analysts anticipate that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

Insider Activity at CES Energy Solutions

In related news, insider Anthony Michael Aulicino acquired 4,545 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average price of C$10.97 per share, for a total transaction of C$49,858.65. Following the acquisition, the insider directly owned 1,222,367 shares of the company’s stock, valued at C$13,409,365.99. This represents a 0.37% increase in their position. Also, insider Kenneth Earl Zinger bought 5,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of C$10.93 per share, for a total transaction of C$54,650.00. Following the completion of the purchase, the insider directly owned 1,872,857 shares in the company, valued at approximately C$20,470,327.01. This represents a 0.27% increase in their ownership of the stock. Insiders purchased 54,245 shares of company stock worth $600,232 in the last 90 days. 3.03% of the stock is owned by corporate insiders.

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.