CES Energy Solutions Corp. (TSE:CEU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$19.72.

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

CES Energy Solutions Stock Up 0.3%

Shares of TSE CEU opened at C$19.10 on Friday. The firm has a market cap of C$4.01 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 0.61 and a beta of 0.50. The company has a quick ratio of 1.78, a current ratio of 2.70 and a debt-to-equity ratio of 55.36. CES Energy Solutions has a 52-week low of C$7.72 and a 52-week high of C$19.64. The business’s 50 day moving average is C$16.75 and its two-hundred day moving average is C$17.15.

Insiders Place Their Bets

In related news, insider David Allyn Burroughs sold 28,815 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$462,192.60. Also, insider Matthew Stephen Bell sold 26,840 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of C$16.04, for a total transaction of C$430,513.60. Following the sale, the insider owned 17,000 shares in the company, valued at approximately C$272,680. This trade represents a 61.22% decrease in their ownership of the stock. In the last quarter, insiders have sold 205,683 shares of company stock valued at $3,684,499. 3.03% of the stock is 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.