CES Energy Solutions (TSE:CEU) Hits New 1-Year High – Here’s Why

Shares of CES Energy Solutions Corp. (TSE:CEU) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$15.42 and last traded at C$15.33, with a volume of 38274 shares trading hands. The stock had previously closed at C$15.23.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CEU. Scotiabank lifted their price objective on CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th. ATB Capital lifted their price target on CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday, January 26th. National Bankshares increased their price objective on CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. TD Securities downgraded shares of CES Energy Solutions from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$12.00 to C$16.00 in a research note on Monday, January 26th. Finally, Raymond James Financial cut shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$13.92.

CES Energy Solutions Stock Up 0.9%

The firm has a market capitalization of C$3.25 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 0.61 and a beta of 0.96. The business has a 50 day moving average of C$13.17 and a 200 day moving average of C$10.52. 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 (TSE:CEU) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.18 earnings per share (EPS) 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 for the quarter. On average, equities analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 EPS for the current year.

Insider Buying and Selling at CES Energy Solutions

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

About CES Energy Solutions

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.