CES Energy Solutions Corp. (TSE:CEU) Given Average Rating of “Moderate Buy” by Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$19.06.

CEU has been the topic of a number of recent research reports. Raymond James Financial upped their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a report on Thursday, March 12th. BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$21.00 to C$22.00 in a report on Wednesday. TD upped their target price on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a report on Friday, May 8th. Royal Bank Of Canada upped their target price on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Finally, National Bank Financial lowered shares of 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 report on Wednesday, May 13th.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$16.65 on Friday. CES Energy Solutions has a 52 week low of C$6.51 and a 52 week high of C$19.58. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71. The firm’s 50-day simple moving average is C$17.60 and its 200 day simple moving average is C$16.11. The firm has a market capitalization of C$3.51 billion, a PE ratio of 17.16, a P/E/G ratio of 0.61 and a beta of 0.52.

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

Insider Transactions at CES Energy Solutions

In other news, insider Kenneth Earl Zinger bought 10,000 shares of CES Energy Solutions stock in a transaction on Monday, June 22nd. The shares were bought at an average cost of C$15.00 per share, for a total transaction of C$150,000.00. Following the acquisition, the insider owned 1,682,857 shares in the company, valued at approximately C$25,242,855. This trade represents a 0.60% increase in their ownership of the stock. Also, Director John Michael Hooks sold 133,800 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total transaction of C$2,531,496.00. Following the completion of the transaction, the director owned 902,565 shares in the company, valued at approximately C$17,076,529.80. This trade represents a 12.91% decrease in their ownership of the stock. 3.03% of the stock is currently owned by corporate insiders.

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.