ATB Capital Issues Positive Forecast for CES Energy Solutions (TSE:CEU) Stock Price

CES Energy Solutions (TSE:CEU) had its price target increased by stock analysts at ATB Capital from C$14.50 to C$16.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price target indicates a potential upside of 19.13% from the stock’s current price.

CEU has been the subject of several other reports. Royal Bank Of Canada upped their price target on CES Energy Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Scotiabank raised their price objective on CES Energy Solutions from C$9.50 to C$10.25 in a research note on Friday, October 17th. TD Securities lifted their price objective on CES Energy Solutions from C$9.00 to C$11.00 in a report on Tuesday, October 14th. National Bankshares increased their target price on CES Energy Solutions from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Finally, Raymond James Financial downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$12.96.

CES Energy Solutions Stock Performance

CEU traded down C$0.34 during trading on Monday, hitting C$13.85. The stock had a trading volume of 434,382 shares, compared to its average volume of 823,177. The firm has a market capitalization of C$2.95 billion, a P/E ratio of 17.53, a PEG ratio of 0.61 and a beta of 0.81. CES Energy Solutions has a twelve month low of C$5.59 and a twelve month high of C$14.65. The company’s 50-day moving average price is C$12.48 and its 200 day moving average price is C$9.91. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.18 EPS for the quarter. CES Energy Solutions had a net margin of 8.62% and a return on equity of 27.61%. The business had revenue of C$623.22 million for the quarter. On average, equities research analysts forecast that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kenneth Earl Zinger purchased 5,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of C$10.93 per share, for a total transaction of C$54,650.00. Following the completion of the acquisition, the insider directly owned 1,872,857 shares in the company, valued at approximately C$20,470,327.01. This trade represents a 0.27% increase in their position. Also, insider Anthony Michael Aulicino purchased 4,545 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of C$10.97 per share, for a total transaction of C$49,858.65. Following the transaction, the insider owned 1,222,367 shares of the company’s stock, valued at approximately C$13,409,365.99. This trade represents a 0.37% increase in their ownership of the stock. In the last ninety days, insiders purchased 54,245 shares of company stock worth $600,232. 3.03% of the stock is currently owned by 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.