CES Energy Solutions Corp. (TSE:CEU) Given Consensus Rating of “Hold” by Brokerages

CES Energy Solutions Corp. (TSE:CEU) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$18.64.

Several equities research analysts have recently commented on CEU shares. Raymond James Financial boosted their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th. Royal Bank Of Canada boosted their target price on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. National Bank Financial downgraded shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price on the stock. in a research note on Wednesday, May 13th. TD boosted their target price on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Finally, BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th.

CES Energy Solutions Stock Up 1.0%

Shares of TSE:CEU opened at C$17.50 on Tuesday. CES Energy Solutions has a 52 week low of C$6.22 and a 52 week high of C$19.58. The company has a debt-to-equity ratio of 55.71, a quick ratio of 1.78 and a current ratio of 2.75. The company’s fifty day moving average is C$18.19 and its 200-day moving average is C$15.48. The company has a market capitalization of C$3.69 billion, a PE ratio of 18.04, a P/E/G ratio of 0.61 and a beta of 0.81.

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

Insider Transactions at CES Energy Solutions

In related news, insider Kenneth Earl Zinger sold 205,000 shares of CES Energy Solutions stock in a transaction dated 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. Also, Director John Michael Hooks sold 133,800 shares of CES Energy Solutions stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total value of C$2,531,496.00. Following the completion of the transaction, the director directly owned 902,565 shares of the company’s stock, valued at C$17,076,529.80. This represents a 12.91% decrease in their ownership of the stock. Insiders sold 534,800 shares of company stock valued at $9,911,230 over the last ninety days. 3.03% of the stock is currently owned by company insiders.

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.