TD Securities Raises CES Energy Solutions (TSE:CEU) Price Target to C$9.50

CES Energy Solutions (TSE:CEU) had its price target boosted by analysts at TD Securities from C$9.00 to C$9.50 in a report released on Wednesday, BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 23.38% from the company’s previous close.

CEU has been the topic of several other reports. Raymond James lifted their price objective on shares of CES Energy Solutions from C$6.75 to C$8.50 in a report on Friday, May 10th. Scotiabank lifted their price target on CES Energy Solutions from C$5.85 to C$8.50 and gave the company an “outperform” rating in a report on Tuesday, May 14th. BMO Capital Markets upped their price objective on CES Energy Solutions from C$9.00 to C$10.00 in a research note on Tuesday. National Bankshares raised their price objective on CES Energy Solutions from C$6.50 to C$7.00 in a research report on Thursday, May 9th. Finally, ATB Capital boosted their target price on shares of CES Energy Solutions from C$8.25 to C$8.50 and gave the stock an “outperform” rating in a report on Friday, June 28th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$8.25.

CES Energy Solutions Stock Up 1.2 %

Shares of CEU stock traded up C$0.09 during mid-day trading on Wednesday, hitting C$7.70. The stock had a trading volume of 255,391 shares, compared to its average volume of 528,670. CES Energy Solutions has a 12-month low of C$2.64 and a 12-month high of C$7.87. The company has a debt-to-equity ratio of 60.16, a current ratio of 2.76 and a quick ratio of 1.78. The firm’s 50-day moving average is C$7.06 and its two-hundred day moving average is C$5.45. The firm has a market capitalization of C$1.81 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 0.61 and a beta of 2.41.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.08. The company had revenue of C$588.58 million during the quarter, compared to analyst estimates of C$555.63 million. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%. On average, analysts predict that CES Energy Solutions will post 0.7197861 earnings per share for the current fiscal year.

Insider Activity at CES Energy Solutions

In related news, Senior Officer Kenneth Earl Zinger bought 200,000 shares of the company’s stock in a transaction on Monday, June 17th. The shares were bought at an average price of C$7.03 per share, with a total value of C$1,405,600.00. In related news, Senior Officer Matthew Stephen Bell sold 15,557 shares of CES Energy Solutions stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$7.10, for a total transaction of C$110,454.70. Also, Senior Officer Kenneth Earl Zinger bought 200,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average price of C$7.03 per share, for a total transaction of C$1,405,600.00. Insiders sold 106,043 shares of company stock valued at $788,155 in the last three months. 2.91% of the stock is owned by insiders.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.