CES Energy Solutions Corp. (TSE:CEU) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts have given CES Energy Solutions a consensus rating of "Moderate Buy" (four buys, two holds) with an average 1‑year target of C$13.92, and several firms recently raised targets into the C$15–C$16.50 range despite some rating downgrades.
• Shares opened at C$18.24 (1‑year range C$5.59–C$18.99) and the company shows solid fundamentals with a market cap of C$3.88B, a P/E of 23.09, C$0.53 quarterly EPS, 22% ROE and an asset‑light model that has generated free cash flow.

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$13.92.

Several analysts have issued reports on the company. National Bank Financial lifted their target price on shares of CES Energy Solutions from C$13.00 to C$15.00 and gave the stock an "outperform" rating in a research note on Friday, January 9th. TD Securities cut shares of CES Energy Solutions from a "buy" rating to a "hold" rating and boosted their target price for the company from C$12.00 to C$16.00 in a report on Monday, January 26th. ATB Cormark Capital Markets boosted their price objective on 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. BMO Capital Markets cut CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, Scotiabank raised their target price on CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th.

CES Energy Solutions Price Performance

CEU opened at C$18.24 on Thursday. The company has a debt-to-equity ratio of 61.70, a current ratio of 3.02 and a quick ratio of 1.78. The firm's fifty day moving average price is C$14.92 and its two-hundred day moving average price is C$11.83. CES Energy Solutions has a 1 year low of C$5.59 and a 1 year high of C$18.99. The company has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 0.61 and a beta of 1.00.

CES Energy Solutions (TSE:CEU - Get Free Report) last released its earnings results on Tuesday, March 10th. The company reported C$0.53 EPS for the quarter. CES Energy Solutions had a return on equity of 22.00% and a net margin of 7.32%. As a group, analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share 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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