CES Energy Solutions (TSE:CEU) Price Target Raised to C$21.00

CES Energy Solutions (TSE:CEU) had its price target lifted by Raymond James Financial from C$15.00 to C$21.00 in a research report issued on Thursday,BayStreet.CA reports. Raymond James Financial’s price objective would suggest a potential upside of 13.51% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Scotiabank boosted their target price on CES Energy Solutions from C$12.25 to C$16.00 in a report on Thursday, January 29th. ATB Cormark Capital Markets raised their price target on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an “outperform” rating in a report on Monday, January 26th. TD Securities cut shares of CES Energy Solutions from a “buy” rating to a “hold” rating and lifted their price target for the company from C$12.00 to C$16.00 in a research report on Monday, January 26th. National Bank Financial increased their price objective on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. 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. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, CES Energy Solutions has an average rating of “Moderate Buy” and a consensus target price of C$14.93.

CES Energy Solutions Trading Up 1.4%

CES Energy Solutions stock traded up C$0.26 during midday trading on Thursday, reaching C$18.50. The stock had a trading volume of 1,001,239 shares, compared to its average volume of 834,042. The stock’s 50-day simple moving average is C$14.92 and its 200 day simple moving average is C$11.83. CES Energy Solutions has a twelve month low of C$5.59 and a twelve month high of C$18.99. The company has a debt-to-equity ratio of 61.70, a quick ratio of 1.78 and a current ratio of 3.02. The stock has a market capitalization of C$3.93 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$0.53 EPS for the quarter. CES Energy Solutions had a return on equity of 22.00% and a net margin of 7.32%. Analysts expect that CES Energy Solutions will post 0.8600646 EPS 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.