CES Energy Solutions (TSE:CEU) Stock Rating Lowered by National Bank Financial

CES Energy Solutions (TSE:CEU) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a note issued to investors on Wednesday,BayStreet.CA reports. They presently have a C$20.00 price objective on the stock. National Bank Financial’s price objective points to a potential upside of 13.38% from the stock’s current price.

A number of other analysts also recently commented on the company. ATB Cormark Capital Markets increased their price target on CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, January 26th. TD increased their price target on 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 increased their price target on CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. TD Securities downgraded 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. Finally, Royal Bank Of Canada increased their price target on CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, CES Energy Solutions has a consensus rating of “Hold” and an average price target of C$18.64.

CES Energy Solutions Stock Performance

Shares of CEU traded down C$0.02 on Wednesday, reaching C$17.64. 155,379 shares of the company’s stock traded hands, compared to its average volume of 960,002. The company has a current ratio of 2.75, a quick ratio of 1.78 and a debt-to-equity ratio of 55.71. The stock has a market cap of C$3.72 billion, a PE ratio of 18.19, a PEG ratio of 0.61 and a beta of 0.81. The stock’s 50 day simple moving average is C$18.07 and its two-hundred day simple moving average is C$14.64. CES Energy Solutions has a 52-week low of C$5.97 and a 52-week high of C$19.58.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.24 EPS for the quarter. The company had revenue of C$681.51 million during the quarter. CES Energy Solutions had a return on equity of 26.01% and a net margin of 8.29%. On average, analysts forecast that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, insider Kenneth Earl Zinger sold 46,100 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of C$18.35, for a total value of C$845,935.00. Following the completion of the sale, the insider directly owned 1,821,757 shares of the company’s stock, valued at C$33,429,240.95. This trade represents a 2.47% decrease in their ownership of the stock. Insiders sold 401,000 shares of company stock valued at $7,379,734 over the last three months. Company insiders own 3.03% of the company’s stock.

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.