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

Shares of CES Energy Solutions Corp. (TSE:CEU) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$13.92.

Several analysts have issued reports on the company. National Bank Financial lifted their target price on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. TD Securities cut shares of CES Energy Solutions from a “buy” rating to a “hold” rating and boosted their target price for the company from C$12.00 to C$16.00 in a report on Monday, January 26th. ATB Cormark Capital Markets boosted their price objective on CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, January 26th. BMO Capital Markets cut CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Scotiabank raised their target price on CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th.

CES Energy Solutions Price Performance

CEU opened at C$18.24 on Thursday. The company has a debt-to-equity ratio of 61.70, a current ratio of 3.02 and a quick ratio of 1.78. The firm’s fifty day moving average price is C$14.92 and its two-hundred day moving average price is C$11.83. CES Energy Solutions has a 1 year low of C$5.59 and a 1 year high of C$18.99. The company has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 0.61 and a beta of 1.00.

CES Energy Solutions (TSE:CEU) last released its earnings results on Tuesday, March 10th. The company reported C$0.53 EPS for the quarter. CES Energy Solutions had a return on equity of 22.00% and a net margin of 7.32%. As a group, analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

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.