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

Shares of CES Energy Solutions Corp. (TSE:CEU) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$18.64.

A number of research analysts have weighed in on the stock. 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. BMO Capital Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada upped their price target 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 cut shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 price target on the stock. in a research note on Wednesday, May 13th. Finally, 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.

CES Energy Solutions Stock Up 1.1%

CEU opened at C$15.41 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71. The stock has a market cap of C$3.25 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 0.61 and a beta of 0.52. CES Energy Solutions has a twelve month low of C$6.49 and a twelve month high of C$19.58. The company’s 50-day moving average price is C$17.78 and its two-hundred day moving average price is C$15.99.

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

Insider Activity at CES Energy Solutions

In related news, Director John Michael Hooks sold 133,800 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total transaction of C$2,531,496.00. Following the sale, the director directly owned 902,565 shares in the company, valued at approximately C$17,076,529.80. This represents a 12.91% decrease in their position. 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.