CES Energy Solutions (TSE:CEU) Sets New 12-Month High - Here's What Happened

Key Points

• CES Energy Solutions shares hit a new 52-week high of C$19.13 during mid-day trading, up about 3.2% from the prior close with 382,432 shares changing hands.
• Analysts hold a consensus rating of Moderate Buy (four Buy, two Hold) but the average price target is C$14.93, with recent reports showing both target increases and some downgrades.
• Key fundamentals: market cap C$4.0 billion, PE 20.73 and PEG 0.61, healthy liquidity (current ratio 2.86, quick ratio 1.78), and solid profitability (quarterly EPS C$0.53, ROE 25.37).

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$19.13 and last traded at C$19.13, with a volume of 382432 shares traded. The stock had previously closed at C$18.47.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. ATB Cormark Capital Markets raised their target price on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the stock an "outperform" rating in a report on Monday, January 26th. TD Securities cut CES Energy Solutions from a "buy" rating to a "hold" rating and upped their price target for the company from C$12.00 to C$16.00 in a report on Monday, January 26th. BMO Capital Markets downgraded CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. Scotiabank raised their price objective on CES Energy Solutions from C$12.25 to C$16.00 in a research note on Thursday, January 29th. Finally, National Bank Financial lifted their target price on 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, CES Energy Solutions has a consensus rating of "Moderate Buy" and an average price target of C$14.93.

CES Energy Solutions Trading Up 3.2%

The company's 50-day moving average is C$16.23 and its 200 day moving average is C$12.58. The company has a current ratio of 2.86, a quick ratio of 1.78 and a debt-to-equity ratio of 60.08. The firm has a market cap of C$4.00 billion, a PE ratio of 20.73, a P/E/G ratio of 0.61 and a beta of 1.00.

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 for the quarter. CES Energy Solutions had a net margin of 8.21% and a return on equity of 25.37%. As a group, sell-side analysts predict that CES Energy Solutions Corp. will post 0.8600646 EPS 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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