CES Energy Solutions (TSE:CEU) Price Target Raised to C$14.00

CES Energy Solutions (TSE:CEU) had its target price raised by ATB Capital from C$12.00 to C$14.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price target points to a potential upside of 16.86% from the company’s previous close.

Several other research analysts have also commented on the stock. Royal Bank Of Canada raised their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. National Bankshares raised their price target on shares of CES Energy Solutions from C$10.50 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Raymond James Financial downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. Scotiabank increased their price objective on CES Energy Solutions from C$9.50 to C$10.25 in a research note on Friday, October 17th. Finally, TD Securities lifted their target price on CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$11.38.

CES Energy Solutions Trading Up 1.3%

Shares of CEU traded up C$0.15 during midday trading on Thursday, hitting C$11.98. 100,066 shares of the stock were exchanged, compared to its average volume of 653,129. CES Energy Solutions has a 52-week low of C$5.59 and a 52-week high of C$12.10. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. The stock has a fifty day simple moving average of C$9.66 and a 200 day simple moving average of C$8.09. The firm has a market cap of C$2.55 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.61 and a beta of 0.66.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.18 earnings per share (EPS) for the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%.The firm had revenue of C$623.22 million for the quarter. On average, research analysts anticipate that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Company Profile

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.