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

Key Points

• CES Energy Solutions has a “Moderate Buy” consensus rating from seven brokerages, with five buys and two holds; the average 12-month price target is C$18.94.
• Recent analyst sentiment has generally improved, with RBC, BMO Capital Markets and National Bank Financial raising ratings or targets, while TD cut its target to C$18 and maintained a hold rating.
• Insiders sold 205,683 shares worth approximately C$3.68 million over the past three months. The stock recently opened at C$18.33, near its 12-month high of C$19.58, while the company reported quarterly EPS of C$0.24 on C$681.51 million in revenue.

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$18.94.

CEU has been the subject of several recent analyst reports. Royal Bank Of Canada lifted their target price on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 14th. BMO Capital Markets raised CES Energy Solutions from a "market perform" rating to an "outperform" rating and increased their price target for the stock from C$21.00 to C$22.00 in a research note on Wednesday, June 24th. TD decreased their price objective on CES Energy Solutions from C$19.00 to C$18.00 and set a "hold" rating on the stock in a report on Monday, July 13th. Finally, National Bank Financial raised CES Energy Solutions from a "hold" rating to an "outperform" rating and set a C$20.00 price objective for the company in a research report on Friday.

Insider Activity

In other CES Energy Solutions news, Director John Michael Hooks sold 133,800 shares of CES Energy Solutions stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$18.92, for a total value of C$2,531,496.00. Following the completion of the sale, the director owned 902,565 shares in the company, valued at C$17,076,529.80. The trade was a 12.91% decrease in their position. Also, insider Matthew Stephen Bell sold 26,840 shares of the company's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$16.04, for a total transaction of C$430,513.60. Following the transaction, the insider directly owned 17,000 shares of the company's stock, valued at approximately C$272,680. This represents a 61.22% decrease in their position. Insiders sold a total of 205,683 shares of company stock valued at $3,684,499 in the last three months. Company insiders own 3.03% of the company's stock.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$18.33 on Friday. The stock has a market capitalization of C$3.87 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.61 and a beta of 0.50. CES Energy Solutions has a 12-month low of C$7.16 and a 12-month high of C$19.58. The company has a debt-to-equity ratio of 55.71, a current ratio of 2.75 and a quick ratio of 1.78. The firm's 50-day moving average is C$16.62 and its two-hundred day moving average is C$16.98.

CES Energy Solutions (TSE:CEU - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.24 earnings per share for the quarter. The business had revenue of C$681.51 million during the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. Equities analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current 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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