CES Energy Solutions (TSE:CEU) Upgraded to Outperform at ATB Capital

CES Energy Solutions (TSE:CEU) was upgraded by research analysts at ATB Capital from a “sector perform” rating to an “outperform” rating in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a C$11.00 price target on the stock. ATB Capital’s target price suggests a potential upside of 56.92% from the stock’s previous close.

A number of other research firms also recently weighed in on CEU. National Bankshares increased their price objective on CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Scotiabank raised their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th. Atb Cap Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada lifted their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$10.59.

CES Energy Solutions Stock Performance

TSE CEU opened at C$7.01 on Friday. The company has a market capitalization of C$1.57 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a twelve month low of C$4.59 and a twelve month high of C$10.20. The stock has a fifty day simple moving average of C$8.87 and a 200 day simple moving average of C$8.56. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26.

Insider Activity

In other news, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$547,890.00. Also, Director Stella Cosby sold 4,304 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00. Company insiders own 3.03% of the company’s stock.

CES Energy Solutions Company Profile

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.