CES Energy Solutions Corp. (TSE:CEU) Stock Has Average Price Target of C$19.72 According to Analysts

CES Energy Solutions Corp. (TSE:CEU) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$19.72.

Several research firms recently commented on CEU. TD dropped their target price on 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. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$21.00 to C$22.00 in a report on Wednesday, June 24th. National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 target price for the company in a research note on Friday, August 7th. Raymond James Financial increased their price target on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, Scotia lifted their price objective on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the company a “sector outperform” rating in a report on Monday, August 10th.

CES Energy Solutions Price Performance

TSE:CEU opened at C$17.90 on Monday. The firm’s fifty day moving average is C$18.36 and its two-hundred day moving average is C$17.82. The firm has a market cap of C$3.75 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 0.61 and a beta of 0.81. The company has a debt-to-equity ratio of 55.36, a quick ratio of 1.78 and a current ratio of 2.70. CES Energy Solutions has a one year low of C$8.63 and a one year high of C$20.38.

Insider Activity

In other CES Energy Solutions news, insider Matthew Stephen Bell sold 26,840 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$430,513.60. Following the transaction, the insider owned 17,000 shares in the company, valued at approximately C$272,680. This represents a 61.22% decrease in their ownership of the stock. Also, Director John Michael Hooks sold 78,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of C$19.10, for a total value of C$1,503,170.00. Following the completion of the sale, the director directly owned 787,351 shares in the company, valued at approximately C$15,038,404.10. The trade was a 9.09% decrease in their ownership of the stock. Over the last three months, insiders sold 238,223 shares of company stock worth $4,319,581. 3.03% of the stock is currently 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.