CES Energy Solutions Corp. (TSE:CEU) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give CES an average recommendation of Moderate Buy (four buys, two holds) with a 12‑month consensus price target of C$14.93, and several firms recently revised targets higher (Raymond James to C$21) even as some downgraded ratings to hold.
• Insider Kenneth Earl Zinger sold 46,100 shares at about C$18.35 (C$845,935), and insiders disposed of 401,000 shares (~$7.38M) over the past three months, leaving insiders with 3.03% ownership.
• Shares opened at C$17.67, trading near a 52‑week high of C$19.58, with a market cap of ~C$3.71B, P/E of 19.21 and last quarter EPS of C$0.53 (ROE 25.37%).

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$14.93.

CEU has been the subject of a number of recent analyst reports. TD Securities downgraded shares of CES Energy Solutions from a "buy" rating to a "hold" rating and raised their price target for the stock from C$12.00 to C$16.00 in a research report on Monday, January 26th. ATB Cormark Capital Markets increased their price objective on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an "outperform" rating in a research note on Monday, January 26th. National Bank Financial raised 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 report on Friday, January 9th. BMO Capital Markets downgraded shares of CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. Finally, Raymond James Financial upped their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research note on Thursday, March 12th.

Insiders Place Their Bets

In related news, insider Kenneth Earl Zinger sold 46,100 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$18.35, for a total value of C$845,935.00. Following the completion of the sale, the insider directly owned 1,821,757 shares of the company's stock, valued at C$33,429,240.95. The trade was a 2.47% decrease in their ownership of the stock. Insiders sold 401,000 shares of company stock valued at $7,379,734 over the last three months. 3.03% of the stock is owned by insiders.

CES Energy Solutions Stock Performance

Shares of CEU opened at C$17.67 on Monday. CES Energy Solutions has a one year low of C$5.59 and a one year high of C$19.58. The stock has a 50-day moving average price of C$16.72 and a 200 day moving average price of C$13.04. The company has a debt-to-equity ratio of 60.08, a quick ratio of 1.78 and a current ratio of 2.86. The company has a market capitalization of C$3.71 billion, a P/E ratio of 19.21, a P/E/G ratio of 0.61 and a beta of 0.70.

CES Energy Solutions (TSE:CEU - Get Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The company reported C$0.53 earnings per share (EPS) for the quarter. CES Energy Solutions had a return on equity of 25.37% and a net margin of 8.21%. Sell-side analysts forecast that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Company Profile

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.

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