CES Energy Solutions (TSE:CEU) Price Target Raised to C$21.00

CES Energy Solutions (TSE:CEU) had its target price hoisted by Raymond James Financial from C$15.00 to C$21.00 in a research report released on Thursday morning,BayStreet.CA reports.

CEU has been the subject of a number of other research reports. ATB Cormark Capital Markets increased their price objective on CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, January 26th. National Bank Financial upped 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 report on Friday, January 9th. BMO Capital Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Scotiabank raised their price target on shares of CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. Finally, TD Securities cut shares of CES Energy Solutions from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$12.00 to C$16.00 in a research report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$14.93.

CES Energy Solutions Trading Down 0.3%

TSE CEU opened at C$18.27 on Thursday. The firm has a market cap of C$3.89 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00. CES Energy Solutions has a 1-year low of C$5.59 and a 1-year high of C$18.99. The stock has a 50-day moving average of C$15.16 and a 200-day moving average of C$11.97. The company has a current ratio of 2.86, a quick ratio of 1.78 and a debt-to-equity ratio of 60.08.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$0.53 earnings per share (EPS) for the quarter. CES Energy Solutions had a return on equity of 25.37% and a net margin of 8.21%. As a group, sell-side analysts forecast that CES Energy Solutions will post 0.8600646 EPS for the current year.

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.