CES Energy Solutions (TSE:CEU) Price Target Raised to C$25.00

CES Energy Solutions (TSE:CEU) had its price target raised by Raymond James Financial from C$23.00 to C$25.00 in a report issued on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts also recently commented on CEU. Royal Bank Of Canada raised their target price on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price target for the company in a report on Friday, August 7th. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. TD dropped their price objective on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Finally, Scotia raised their price objective on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a report on Monday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$19.72.

CES Energy Solutions Trading Down 0.7%

TSE:CEU opened at C$19.10 on Monday. CES Energy Solutions has a fifty-two week low of C$7.66 and a fifty-two week high of C$19.64. The company has a debt-to-equity ratio of 55.36, a current ratio of 2.70 and a quick ratio of 1.78. The stock has a market capitalization of C$4.01 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.61 and a beta of 0.50. The business’s 50-day simple moving average is C$16.70 and its 200-day simple moving average is C$17.11.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Director John Michael Hooks sold 133,800 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$18.92, for a total value of C$2,531,496.00. Following the sale, the director owned 902,565 shares in the company, valued at approximately C$17,076,529.80. The trade was a 12.91% decrease in their position. Also, insider David Allyn Burroughs sold 28,815 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total value of C$462,192.60. Insiders sold 205,683 shares of company stock valued at $3,684,499 in the last 90 days. 3.03% of the stock is currently owned by corporate insiders.

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.