CES Energy Solutions Corp. (TSE:CEU) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU) have received an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$18.94.

CEU has been the topic of a number of research analyst reports. TD reduced 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. Royal Bank Of Canada raised their price objective on 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. BMO Capital Markets upgraded CES Energy Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$21.00 to C$22.00 in a report on Wednesday, June 24th. Finally, National Bank Financial raised CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price objective on the stock in a research note on Friday.

CES Energy Solutions Stock Up 11.5%

Shares of TSE CEU opened at C$18.33 on Friday. CES Energy Solutions has a 52-week low of C$7.16 and a 52-week high of C$19.58. The firm has a fifty day moving average of C$16.62 and a 200-day moving average of C$16.98. The stock has a market capitalization of C$3.87 billion, a PE ratio of 18.90, a P/E/G ratio of 0.61 and a beta of 0.50. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share for the quarter. The business had revenue of C$681.51 million for the quarter. CES Energy Solutions had a return on equity of 26.01% and a net margin of 8.29%. On average, analysts anticipate that CES Energy Solutions will post 0.8600646 EPS for the current year.

Insider Activity

In other CES Energy Solutions news, insider James Farnsworth Strickland sold 4,044 shares of CES Energy Solutions 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 transaction of C$64,865.76. Following the transaction, the insider directly owned 38,231 shares of the company’s stock, valued at C$613,225.24. The trade was a 9.57% decrease in their ownership of the stock. Also, insider Mihir Patel sold 12,184 shares of the business’s 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$195,431.36. Following the sale, the insider owned 16,571 shares of the company’s stock, valued at approximately C$265,798.84. This represents a 42.37% decrease in their ownership of the stock. In the last 90 days, insiders have sold 205,683 shares of company stock worth $3,684,499. Insiders own 3.03% of the company’s stock.

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.