CES Energy Solutions (TSE:CEU) Releases Earnings Results

CES Energy Solutions (TSE:CEU) announced its quarterly earnings data on Tuesday. The company reported C$0.53 EPS for the quarter, FiscalAI reports. CES Energy Solutions had a net margin of 7.32% and a return on equity of 22.00%.

CES Energy Solutions Price Performance

Shares of CES Energy Solutions stock opened at C$17.81 on Wednesday. The firm has a market cap of C$3.79 billion, a PE ratio of 22.54, a PEG ratio of 0.61 and a beta of 1.00. The stock has a 50 day moving average of C$14.80 and a 200 day moving average of C$11.79. The company has a current ratio of 3.02, a quick ratio of 1.78 and a debt-to-equity ratio of 61.70. CES Energy Solutions has a 12 month low of C$5.59 and a 12 month high of C$18.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Scotiabank increased their price target on CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th. TD Securities lowered CES Energy Solutions from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$12.00 to C$16.00 in a research note on Monday, January 26th. National Bank Financial lifted their target price on CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. ATB Cormark Capital Markets boosted their price target 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, Raymond James Financial lowered shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$13.92.

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.