CES Energy Solutions (TSE:CEU) Price Target Raised to C$25.00 at Raymond James Financial

CES Energy Solutions (TSE:CEU) had its price objective increased by equities researchers at Raymond James Financial from C$23.00 to C$25.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 34.05% from the company’s current price.

Other equities analysts have also issued reports about the company. Scotia raised their price target on CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a report on Monday. TD dropped their price objective 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. National Bank Financial upgraded 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. Royal Bank Of Canada lifted their target price on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Finally, BMO Capital Markets upgraded CES Energy Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$21.00 to C$22.00 in a research report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.72.

CES Energy Solutions Stock Performance

CEU traded up C$0.32 on Monday, hitting C$18.65. The company’s stock had a trading volume of 314,868 shares, compared to its average volume of 789,239. CES Energy Solutions has a 12 month low of C$7.33 and a 12 month high of C$19.58. The firm has a market cap of C$3.93 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 0.61 and a beta of 0.50. The company has a quick ratio of 1.78, a current ratio of 2.70 and a debt-to-equity ratio of 55.36. The company’s 50 day simple moving average is C$16.62 and its 200-day simple moving average is C$17.00.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. The business had revenue of C$681.51 million for the quarter. CES Energy Solutions had a net margin of 7.36% and a return on equity of 23.68%. Analysts forecast that CES Energy Solutions will post 0.8600646 EPS for the current year.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, insider Kenneth Earl Zinger acquired 10,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of C$15.00 per share, for a total transaction of C$150,000.00. Following the completion of the transaction, the insider owned 1,682,857 shares of the company’s stock, valued at approximately C$25,242,855. This represents a 0.60% increase in their position. Also, Director John Michael Hooks sold 133,800 shares of CES Energy Solutions stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total value of C$2,531,496.00. Following the sale, the director directly owned 902,565 shares of the company’s stock, valued at C$17,076,529.80. This represents a 12.91% decrease in their position. In the last quarter, insiders have sold 205,683 shares of company stock valued at $3,684,499. Corporate insiders own 3.03% of the company’s stock.

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.