Brokerages Set CES Energy Solutions Corp. (TSE:CEU) Price Target at C$12.96

CES Energy Solutions Corp. (TSE:CEU) has earned an average rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$13.92.

CEU has been the topic of several recent analyst reports. Raymond James Financial cut CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. National Bankshares boosted their price objective on CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. Scotiabank upped their price objective on CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. ATB Capital lifted their target price on 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. Finally, TD Securities downgraded shares of CES Energy Solutions from a “buy” rating to a “hold” rating and upped their price target for the company from C$12.00 to C$16.00 in a report on Monday, January 26th.

CES Energy Solutions Stock Performance

CEU stock opened at C$14.83 on Thursday. The company has a 50-day simple moving average of C$12.95 and a 200 day simple moving average of C$10.29. The company has a market capitalization of C$3.15 billion, a P/E ratio of 18.77, a PEG ratio of 0.61 and a beta of 0.96. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. CES Energy Solutions has a fifty-two week low of C$5.59 and a fifty-two week high of C$15.13.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.18 EPS for the quarter. The company had revenue of C$623.22 million for the quarter. CES Energy Solutions had a net margin of 8.62% and a return on equity of 27.61%. Sell-side analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Michael Hooks acquired 44,700 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of C$11.09 per share, for a total transaction of C$495,723.00. Following the transaction, the director owned 825,981 shares of the company’s stock, valued at approximately C$9,160,129.29. The trade was a 5.72% increase in their ownership of the stock. Also, insider Anthony Michael Aulicino acquired 4,545 shares of CES Energy Solutions stock in a transaction dated Tuesday, November 18th. The shares were bought at an average cost of C$10.97 per share, with a total value of C$49,858.65. Following the completion of the purchase, the insider owned 1,222,367 shares in the company, valued at approximately C$13,409,365.99. This represents a 0.37% increase in their ownership of the stock. Over the last ninety days, insiders acquired 54,245 shares of company stock worth $600,232. Corporate insiders own 3.03% of the company’s stock.

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.