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

CES Energy Solutions Corp. (TSE:CEU) has been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$13.92.

CEU has been the subject of several analyst reports. TD Securities downgraded CES Energy Solutions from a “buy” rating to a “hold” rating and raised their price target for the company from C$12.00 to C$16.00 in a report on Monday, January 26th. BMO Capital Markets lowered shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. National Bank Financial lifted their target price on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Raymond James Financial downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, November 17th. Finally, ATB Cormark Capital Markets increased their price target on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a report on Monday, January 26th.

CES Energy Solutions Stock Up 2.4%

Shares of CES Energy Solutions stock opened at C$18.24 on Thursday. CES Energy Solutions has a 1 year low of C$5.59 and a 1 year high of C$18.99. The firm has a market cap of C$3.88 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 0.61 and a beta of 1.00. The company has a 50-day moving average of C$14.92 and a 200 day moving average of C$11.83. The company has a debt-to-equity ratio of 61.70, a current ratio of 3.02 and a quick ratio of 1.78.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Tuesday, March 10th. The company reported C$0.53 earnings per share for the quarter. CES Energy Solutions had a net margin of 7.32% and a return on equity of 22.00%. As a group, sell-side analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

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.