ATB Capital Upgrades CES Energy Solutions (TSE:CEU) to Outperform

CES Energy Solutions (TSE:CEU) was upgraded by equities research analysts at ATB Capital from a “sector perform” rating to an “outperform” rating in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a C$11.00 price target on the stock. ATB Capital’s price objective indicates a potential upside of 50.89% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Atb Cap Markets lowered CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. National Bankshares lifted their target price on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. Finally, Scotiabank raised their price objective on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.59.

CES Energy Solutions Price Performance

Shares of TSE CEU traded up C$0.14 during trading on Friday, hitting C$7.29. The company had a trading volume of 970,281 shares, compared to its average volume of 541,101. CES Energy Solutions has a 52 week low of C$4.59 and a 52 week high of C$10.20. The business’s 50-day moving average is C$8.92 and its 200 day moving average is C$8.58. The company has a market cap of C$1.63 billion, a P/E ratio of 8.51, a PEG ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82.

Insiders Place Their Bets

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total value of C$547,890.00. Also, Director Stella Cosby sold 4,304 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$43,040.00. Insiders own 3.03% of the company’s stock.

About CES Energy Solutions

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.