CES Energy Solutions (TSE:CEU) Upgraded by National Bank Financial to Outperform Rating

National Bank Financial upgraded shares of CES Energy Solutions (TSE:CEU) from a sector perform rating to an outperform rating in a report released on Friday morning,BayStreet.CA reports. They currently have C$20.00 price target on the stock.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada raised their price target on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. BMO Capital Markets upgraded shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. Finally, TD cut their target price on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.94.

CES Energy Solutions Trading Up 11.5%

Shares of CEU opened at C$18.33 on Friday. The business’s 50-day moving average price is C$16.62 and its 200 day moving average price is C$16.98. 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 capitalization of C$3.87 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.61 and a beta of 0.50. CES Energy Solutions has a 1-year low of C$7.16 and a 1-year high of C$19.58.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share 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. Analysts expect that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, insider Kenneth Earl Zinger bought 10,000 shares of CES Energy Solutions stock in a transaction on Monday, June 22nd. The stock was purchased at an average cost of C$15.00 per share, for a total transaction of C$150,000.00. Following the completion of the purchase, the insider directly owned 1,682,857 shares of the company’s stock, valued at C$25,242,855. The trade was a 0.60% increase in their ownership of the stock. Also, insider Matthew Stephen Bell sold 26,840 shares of CES Energy Solutions stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$430,513.60. Following the completion of the sale, the insider owned 17,000 shares of the company’s stock, valued at C$272,680. This trade represents a 61.22% decrease in their ownership of the stock. Insiders have sold a total of 205,683 shares of company stock valued at $3,684,499 in the last ninety days. 3.03% of the stock is currently owned by insiders.

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.