CES Energy Solutions Corp. (TSE:CEU) Receives Consensus Recommendation of “Buy” from Analysts

CES Energy Solutions Corp. (TSE:CEU) has received an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$11.38.

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Scotiabank raised their target price on shares of CES Energy Solutions from C$9.50 to C$10.25 in a research note on Friday, October 17th. ATB Capital boosted their target price on CES Energy Solutions from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a report on Thursday, November 27th. Raymond James Financial cut CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. Finally, National Bankshares lifted their price objective on CES Energy Solutions from C$10.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th.

Insiders Place Their Bets

In related news, insider Anthony Michael Aulicino purchased 4,545 shares of CES Energy Solutions stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average price of C$10.97 per share, for a total transaction of C$49,858.65. Following the acquisition, the insider directly owned 1,222,367 shares in the company, valued at approximately C$13,409,365.99. The trade was a 0.37% increase in their ownership of the stock. Also, insider Kenneth Earl Zinger purchased 5,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average cost of C$10.93 per share, for a total transaction of C$54,650.00. Following the transaction, the insider owned 1,872,857 shares in the company, valued at approximately C$20,470,327.01. The trade was a 0.27% increase in their position. Insiders purchased 54,245 shares of company stock valued at $600,232 in the last three months. 3.03% of the stock is currently owned by insiders.

CES Energy Solutions Stock Performance

TSE CEU opened at C$12.75 on Wednesday. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The stock’s 50 day simple moving average is C$10.51 and its 200-day simple moving average is C$8.65. The company has a market cap of C$2.71 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. CES Energy Solutions has a 1-year low of C$5.59 and a 1-year high of C$13.24.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.18 EPS for the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%.The firm had revenue of C$623.22 million during the quarter. As a group, equities research analysts anticipate that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.