BMO Capital Markets Raises CES Energy Solutions (TSE:CEU) Price Target to C$8.00

CES Energy Solutions (TSE:CEU) had its price objective lifted by analysts at BMO Capital Markets from C$6.00 to C$8.00 in a research report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 47.33% from the company’s current price.

A number of other brokerages have also issued reports on CEU. Royal Bank of Canada lifted their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Friday, March 1st. ATB Capital increased their target price on shares of CES Energy Solutions from C$5.25 to C$6.50 in a report on Wednesday, April 3rd. TD Securities lifted their price target on shares of CES Energy Solutions from C$6.00 to C$7.00 in a research note on Thursday, April 18th. Stifel Nicolaus boosted their price target on shares of CES Energy Solutions from C$5.50 to C$7.50 in a research report on Wednesday, April 3rd. Finally, Raymond James raised their price objective on CES Energy Solutions from C$6.50 to C$6.75 and gave the company a “strong-buy” rating in a report on Monday, March 4th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CES Energy Solutions presently has an average rating of “Buy” and an average target price of C$6.48.

CES Energy Solutions Price Performance

Shares of CES Energy Solutions stock remained flat at C$5.43 on Tuesday. 246,358 shares of the stock traded hands, compared to its average volume of 364,468. The company has a fifty day simple moving average of C$4.80 and a 200-day simple moving average of C$4.05. The company has a debt-to-equity ratio of 70.47, a current ratio of 2.95 and a quick ratio of 1.78. CES Energy Solutions has a 12 month low of C$2.30 and a 12 month high of C$5.80. The company has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.61 and a beta of 2.46.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The firm had revenue of C$553.46 million during the quarter, compared to analyst estimates of C$538.23 million. Equities analysts predict that CES Energy Solutions will post 0.6553738 EPS for the current year.

Insiders Place Their Bets

In related news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$4.71, for a total transaction of C$708,060.28. In other news, Director Kyle Kitagawa sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$5.33, for a total transaction of C$266,500.00. Also, Senior Officer Anthony Michael Aulicino sold 150,360 shares of CES Energy Solutions stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$4.71, for a total transaction of C$708,060.28. Insiders have sold a total of 498,360 shares of company stock worth $2,417,920 in the last quarter. Corporate insiders own 2.35% of the company’s stock.

CES Energy Solutions Company Profile

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.