CES Energy Solutions (TSE:CEU) Lowered to Hold Rating by BMO Capital Markets

CES Energy Solutions (TSE:CEU) was downgraded by stock analysts at BMO Capital Markets from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Raymond James Financial lowered CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, November 17th. TD Securities lowered shares of CES Energy Solutions from a “buy” rating to a “hold” rating and increased their price target for the company from C$12.00 to C$16.00 in a research report on Monday, January 26th. ATB Cormark Capital Markets raised their price objective on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an “outperform” rating in a report on Monday, January 26th. Scotiabank lifted their price objective on shares of CES Energy Solutions from C$12.25 to C$16.00 in a research report on Thursday, January 29th. Finally, National Bank Financial boosted their target price 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. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$13.92.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$18.24 on Wednesday. The stock has a market cap of C$3.88 billion, a P/E ratio of 23.09, a P/E/G ratio of 0.61 and a beta of 1.00. The company has a quick ratio of 1.78, a current ratio of 3.02 and a debt-to-equity ratio of 61.70. The company’s 50 day moving average price is C$14.92 and its two-hundred day moving average price is C$11.83. CES Energy Solutions has a 52 week low of C$5.59 and a 52 week high of C$18.99.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$0.53 EPS for the quarter. CES Energy Solutions had a return on equity of 22.00% and a net margin of 7.32%. On average, equities analysts predict that CES Energy Solutions will post 0.8600646 earnings per share 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.