Analysts Set CES Energy Solutions Corp. (TSE:CEU) Price Target at C$13.92

CES Energy Solutions Corp. (TSE:CEU) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$14.93.

A number of analysts recently weighed in on CEU shares. Scotiabank lifted their price target on CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th. National Bank Financial raised their target price on CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, January 9th. TD Securities lowered shares of CES Energy Solutions from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$12.00 to C$16.00 in a research report on Monday, January 26th. Raymond James Financial upped their price target on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Finally, BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th.

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$18.35 on Thursday. CES Energy Solutions has a 52 week low of C$5.59 and a 52 week high of C$18.99. The company has a 50-day moving average price of C$15.55 and a 200 day moving average price of C$12.18. The company has a market cap of C$3.85 billion, a P/E ratio of 19.95, a PEG ratio of 0.61 and a beta of 1.00. The company has a quick ratio of 1.78, a current ratio of 2.86 and a debt-to-equity ratio of 60.08.

CES Energy Solutions (TSE:CEU) last released its earnings results on Tuesday, March 10th. The company reported C$0.53 earnings per share (EPS) for the quarter. CES Energy Solutions had a return on equity of 25.37% and a net margin of 8.21%. Research analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current 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.