CES Energy Solutions (TSE:CEU) Price Target Raised to C$15.00 at National Bankshares

CES Energy Solutions (TSE:CEU) had its price objective lifted by equities researchers at National Bankshares from C$13.00 to C$15.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 23.46% from the company’s previous close.

CEU has been the topic of a number of other research reports. Scotiabank raised their target price on shares of CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. TD Securities raised 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 report on Monday, November 17th. ATB Capital lifted their price target on CES Energy Solutions from C$14.00 to C$14.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. Finally, Royal Bank Of Canada boosted their price target on CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$11.79.

CES Energy Solutions Price Performance

TSE:CEU traded up C$0.21 during trading hours on Friday, hitting C$12.15. The company’s stock had a trading volume of 570,006 shares, compared to its average volume of 730,013. CES Energy Solutions has a twelve month low of C$5.59 and a twelve month high of C$13.24. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The stock has a fifty day simple moving average of C$11.65 and a 200-day simple moving average of C$9.35. The company has a market capitalization of C$2.58 billion, a P/E ratio of 15.38, a PEG ratio of 0.61 and a beta of 0.81.

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

Insiders Place Their Bets

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

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.