Brokerages Set CES Energy Solutions Corp. (TSE:CEU) Target Price at C$11.46

CES Energy Solutions Corp. (TSE:CEU) has been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$11.46.

Several analysts have recently weighed in on the stock. Scotiabank lifted their target price on shares of CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. TD Securities lifted their price objective on CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. Raymond James Financial cut CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, November 17th. ATB Capital raised their price target on CES Energy Solutions from C$14.00 to C$14.50 and gave the company an “outperform” rating in a report on Friday, December 19th. Finally, National Bankshares upped their price objective on CES Energy Solutions from C$10.50 to C$13.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th.

Insider Transactions at CES Energy Solutions

In related news, Director John Michael Hooks acquired 44,700 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average price of C$11.09 per share, with a total value of C$495,723.00. Following the completion of the acquisition, the director owned 825,981 shares in the company, valued at approximately C$9,160,129.29. This represents a 5.72% increase in their ownership of the stock. Also, insider Kenneth Earl Zinger bought 5,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of C$10.93 per share, for a total transaction of C$54,650.00. Following the completion of the transaction, the insider directly owned 1,872,857 shares of the company’s stock, valued at C$20,470,327.01. This trade represents a 0.27% increase in their position. Insiders have purchased a total of 54,245 shares of company stock valued at $600,232 in the last ninety days. 3.03% of the stock is currently owned by company insiders.

CES Energy Solutions Trading Down 1.1%

TSE:CEU opened at C$11.85 on Friday. CES Energy Solutions has a 12-month low of C$5.59 and a 12-month high of C$13.24. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. The stock’s 50 day simple moving average is C$11.56 and its 200-day simple moving average is C$9.32. The firm has a market cap of C$2.52 billion, a P/E ratio of 15.00, a PEG ratio of 0.61 and a beta of 0.81.

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