CES Energy Solutions Corp. (TSE:CEU) Receives C$10.54 Average Price Target from Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) have been assigned an average rating of "Buy" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$10.54.

CEU has been the subject of a number of research reports. National Bank Financial raised shares of CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 2nd. National Bankshares upgraded shares of CES Energy Solutions from a "sector perform" rating to an "outperform" rating and set a C$14.50 target price for the company in a research report on Thursday, July 3rd. BMO Capital Markets reduced their target price on CES Energy Solutions from C$10.00 to C$9.00 in a research note on Thursday, April 17th. Royal Bank Of Canada dropped their price target on CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Finally, ATB Capital cut their price objective on CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating for the company in a report on Monday, May 5th.

Insider Activity at CES Energy Solutions

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 David Allyn Burroughs sold 8,885 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of C$6.86, for a total transaction of C$60,951.10. Insiders sold a total of 131,220 shares of company stock worth $894,345 over the last three months. Corporate insiders own 3.03% of the company's stock.

CES Energy Solutions Price Performance

Shares of TSE CEU traded up C$0.07 during midday trading on Friday, hitting C$7.38. 732,190 shares of the company's stock were exchanged, compared to its average volume of 637,092. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. The business's fifty day moving average price is C$6.59 and its two-hundred day moving average price is C$7.39. The company has a market cap of C$1.65 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.61 and a beta of 2.31. 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.