CES Energy Solutions (TSE:CEU) Price Target Raised to C$16.50 at ATB Capital

CES Energy Solutions (TSE:CEU) had its price objective increased by stock analysts at ATB Capital from C$14.50 to C$16.50 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s target price points to a potential upside of 19.13% from the stock’s previous close.

A number of other research firms also recently weighed in on CEU. Raymond James Financial downgraded CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. TD Securities increased their price target on CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. Royal Bank Of Canada raised their price target on CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Scotiabank increased their target price on CES Energy Solutions from C$9.50 to C$10.25 in a report on Friday, October 17th. Finally, National Bankshares lifted their price target on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CES Energy Solutions has a consensus rating of “Buy” and an average target price of C$12.96.

CES Energy Solutions Price Performance

Shares of TSE:CEU traded down C$0.34 during midday trading on Monday, reaching C$13.85. The company’s stock had a trading volume of 434,382 shares, compared to its average volume of 823,177. The business’s fifty day simple moving average is C$12.48 and its 200-day simple moving average is C$9.91. The company has a market capitalization of C$2.95 billion, a P/E ratio of 17.53, a P/E/G ratio of 0.61 and a beta of 0.81. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. CES Energy Solutions has a fifty-two week low of C$5.59 and a fifty-two week high of C$14.65.

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. CES Energy Solutions had a net margin of 8.62% and a return on equity of 27.61%. The firm had revenue of C$623.22 million during the quarter. As a group, equities research analysts expect that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

Insider Activity

In related news, insider Anthony Michael Aulicino acquired 4,545 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average cost of C$10.97 per share, for a total transaction of C$49,858.65. Following the transaction, the insider directly owned 1,222,367 shares in the company, valued at C$13,409,365.99. This trade represents a 0.37% increase in their ownership of the stock. Also, Director John Michael Hooks acquired 44,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of C$11.09 per share, with a total value of C$495,723.00. Following the purchase, the director owned 825,981 shares in the company, valued at C$9,160,129.29. The trade was a 5.72% increase in their ownership of the stock. In the last quarter, insiders have acquired 54,245 shares of company stock worth $600,232. 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.