CES Energy Solutions Corp. (TSE:CEU) Receives Average Recommendation of “Hold” from Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$18.64.

A number of equities research analysts recently weighed in on the stock. TD Securities lowered shares of CES Energy Solutions from a “buy” rating to a “hold” rating and raised their price target for the company from C$12.00 to C$16.00 in a report on Monday, January 26th. ATB Cormark Capital Markets boosted 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. TD upped their price objective on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Raymond James Financial raised their target price on CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Finally, National Bank Financial lowered CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price on the stock. in a research report on Wednesday, May 13th.

Insider Buying and Selling

In other CES Energy Solutions news, Director John Michael Hooks sold 133,800 shares of CES Energy Solutions stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$18.92, for a total transaction of C$2,531,496.00. Following the sale, the director directly owned 902,565 shares in the company, valued at C$17,076,529.80. The trade was a 12.91% decrease in their position. Also, insider Kenneth Earl Zinger sold 46,100 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of C$18.35, for a total value of C$845,935.00. Following the completion of the transaction, the insider directly owned 1,821,757 shares in the company, valued at approximately C$33,429,240.95. The trade was a 2.47% decrease in their ownership of the stock. In the last 90 days, insiders have sold 534,800 shares of company stock valued at $9,911,230. 3.03% of the stock is owned by insiders.

CES Energy Solutions Stock Down 4.9%

TSE CEU opened at C$17.79 on Tuesday. The stock has a market cap of C$3.75 billion, a PE ratio of 18.34, a P/E/G ratio of 0.61 and a beta of 0.81. CES Energy Solutions has a fifty-two week low of C$6.15 and a fifty-two week high of C$19.58. The business has a 50 day moving average price of C$18.26 and a two-hundred day moving average price of C$15.21. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. The company had revenue of C$681.51 million for the quarter. As a group, sell-side analysts predict that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

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.