CES Energy Solutions (TSE:CEU) Stock Rating Lowered by National Bank Financial

CES Energy Solutions (TSE:CEU) was downgraded by investment analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Wednesday,BayStreet.CA reports. They currently have a C$20.00 target price on the stock. National Bank Financial’s price target points to a potential upside of 13.38% from the company’s previous close.

Other research analysts have also issued research reports about the company. BMO Capital Markets lowered CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. ATB Cormark Capital Markets increased 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. TD Securities lowered CES Energy Solutions from a “buy” rating to a “hold” rating and increased their price target for the stock from C$12.00 to C$16.00 in a report on Monday, January 26th. TD increased their price target on CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Finally, Scotiabank increased their price target on CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, CES Energy Solutions has a consensus rating of “Hold” and an average target price of C$18.64.

CES Energy Solutions Stock Down 0.1%

TSE:CEU traded down C$0.02 on Wednesday, hitting C$17.64. The stock had a trading volume of 155,379 shares, compared to its average volume of 960,002. The business’s fifty day moving average is C$18.07 and its 200 day moving average is C$14.64. The company has a market cap of C$3.72 billion, a PE ratio of 18.19, a P/E/G ratio of 0.61 and a beta of 0.81. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71. CES Energy Solutions has a 52 week low of C$5.97 and a 52 week high of C$19.58.

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

Insider Buying and Selling at CES Energy Solutions

In other news, insider Kenneth Earl Zinger sold 205,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of C$18.41, for a total value of C$3,774,050.00. Insiders sold a total of 401,000 shares of company stock valued at $7,379,734 in the last 90 days. 3.03% of the stock is owned by company 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.