Analysts Set CES Energy Solutions Corp. (TSE:CEU) Price Target at C$10.54

Key Points

• CES Energy Solutions Corp. has received a consensus rating of “Buy” from eight brokerages, with an average one-year price target of C$10.54.
• Recent analyst reports show that Royal Bank of Canada and TD Securities have lowered their price targets for the company but maintained varying buy ratings.
• Insiders have sold a total of 131,220 shares of CES Energy Solutions in the last ninety days, indicating potential concerns about stock performance.

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) has earned a consensus rating of "Buy" from the eight research firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$10.54.

CEU has been the subject of a number of recent analyst reports. TD Securities reduced their price target on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. ATB Capital reduced their price target on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. National Bank Financial upgraded shares of CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 2nd. BMO Capital Markets dropped their price objective on shares of CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. Finally, Royal Bank Of Canada reduced their target price on CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th.

Insider Buying and Selling

In related news, Senior Officer Matthew Stephen Bell sold 22,523 shares of CES Energy Solutions stock in a transaction on Monday, July 7th. The shares were sold at an average price of C$6.86, for a total value of C$154,507.78. Also, Senior Officer Anthony Michael Aulicino sold 11,119 shares of CES Energy Solutions stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of C$6.78, for a total transaction of C$75,386.82. Insiders have sold 131,220 shares of company stock worth $894,345 over the last 90 days. Insiders own 3.03% of the company's stock.

CES Energy Solutions Stock Performance

Shares of CEU remained flat at C$7.29 during mid-day trading on Thursday. 704,049 shares of the stock were exchanged, compared to its average volume of 621,018. The business has a 50-day simple moving average of C$7.02 and a two-hundred day simple moving average of C$7.13. The firm has a market cap of C$1.63 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. CES Energy Solutions has a 12-month low of C$5.59 and a 12-month high of C$10.20.

About CES Energy Solutions

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.