CES Energy Solutions (TSE:CEU) PT Raised to C$8.50

CES Energy Solutions (TSE:CEU) had its price target raised by ATB Capital from C$8.25 to C$8.50 in a report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s target price points to a potential upside of 10.39% from the company’s current price.

A number of other equities research analysts have also commented on the company. Raymond James upped their target price on CES Energy Solutions from C$6.75 to C$8.50 in a research report on Friday, May 10th. Royal Bank of Canada upped their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Friday, March 1st. Stifel Nicolaus upped their target price on CES Energy Solutions from C$7.50 to C$8.50 in a research report on Thursday, May 9th. BMO Capital Markets boosted their price target on CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday, April 23rd. Finally, TD Securities boosted their price target on CES Energy Solutions from C$7.00 to C$9.00 and gave the company a “buy” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$7.94.

CES Energy Solutions Price Performance

Shares of CEU stock opened at C$7.70 on Friday. CES Energy Solutions has a fifty-two week low of C$2.47 and a fifty-two week high of C$7.73. The firm has a market capitalization of C$1.81 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.61 and a beta of 2.41. The company has a debt-to-equity ratio of 60.16, a quick ratio of 1.78 and a current ratio of 2.76. The stock’s 50-day simple moving average is C$6.59 and its 200-day simple moving average is C$5.10.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Wednesday, May 8th. The company reported C$0.23 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.08. The firm had revenue of C$588.58 million for the quarter, compared to analyst estimates of C$555.63 million. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. As a group, equities analysts forecast that CES Energy Solutions will post 0.7197861 earnings per share for the current fiscal year.

Insider Transactions at CES Energy Solutions

In other news, Director Kyle Kitagawa sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$5.33, for a total transaction of C$266,500.00. In other news, Director Kyle Kitagawa sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$5.33, for a total transaction of C$266,500.00. Also, Senior Officer Matthew Stephen Bell sold 8,131 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$6.92, for a total value of C$56,266.52. Insiders sold a total of 98,388 shares of company stock valued at $573,621 in the last three months. 2.91% of the stock is currently owned by company insiders.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.