CES Energy Solutions Corp. (TSE:CEU) Stock Has Average Price Target of C$19.72

CES Energy Solutions Corp. (TSE:CEU) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$19.72.

Several equities research analysts have recently issued reports on the stock. National Bank Financial raised shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price objective for the company in a research report on Friday, August 7th. Scotia boosted their target price on CES Energy Solutions from C$21.00 to C$22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 10th. Raymond James Financial upped their price target on CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. BMO Capital Markets raised shares of CES Energy Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. Finally, TD lowered their price objective on shares of CES Energy Solutions from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Monday, July 13th.

CES Energy Solutions Trading Down 1.9%

TSE CEU opened at C$17.89 on Monday. The stock’s 50-day moving average is C$18.39 and its 200-day moving average is C$17.82. CES Energy Solutions has a one year low of C$8.63 and a one year high of C$20.38. The company has a debt-to-equity ratio of 55.36, a current ratio of 2.70 and a quick ratio of 1.78. The firm has a market cap of C$3.75 billion, a P/E ratio of 19.45, a P/E/G ratio of 0.61 and a beta of 0.81.

Insiders Place Their Bets

In other news, Director John Michael Hooks sold 87,640 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$18.98, for a total transaction of C$1,663,407.20. Following the completion of the transaction, the director directly owned 866,051 shares in the company, valued at C$16,437,647.98. This represents a 9.19% decrease in their position. Also, insider James Farnsworth Strickland sold 4,044 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$16.04, for a total value of C$64,865.76. Following the completion of the transaction, the insider owned 38,231 shares of the company’s stock, valued at C$613,225.24. The trade was a 9.57% decrease in their position. Insiders have sold 238,223 shares of company stock valued at $4,319,581 in the last quarter. Company insiders own 3.03% of the company’s stock.

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.