CES Energy Solutions (TSE:CEU) Upgraded to "Strong-Buy" at National Bank Financial

National Bank Financial upgraded shares of CES Energy Solutions (TSE:CEU - Free Report) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports. National Bank Financial also issued estimates for CES Energy Solutions' FY2025 earnings at $0.81 EPS.

A number of other research analysts have also recently commented on CEU. National Bankshares upgraded shares of CES Energy Solutions from a "sector perform" rating to an "outperform" rating and set a C$14.50 price target on the stock in a research report on Thursday. BMO Capital Markets cut their target price on shares of CES Energy Solutions from C$10.00 to C$9.00 in a report on Thursday, April 17th. TD Securities cut their target price on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Royal Bank Of Canada cut their target price on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, ATB Capital cut their target price on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Five analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$10.54.

CES Energy Solutions Price Performance

TSE CEU traded down C$0.09 on Wednesday, reaching C$6.96. 261,229 shares of the company's stock traded hands, compared to its average volume of 635,697. CES Energy Solutions has a 12 month low of C$5.59 and a 12 month high of C$10.20. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The stock has a 50-day simple moving average of C$6.44 and a 200 day simple moving average of C$7.53. The stock has a market cap of C$1.56 billion, a PE ratio of 8.12, a P/E/G ratio of 0.61 and a beta of 2.31.

Insider Buying and Selling

In related news, Senior Officer Kenneth Earl Zinger sold 31,222 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of C$6.78, for a total value of C$211,685.16. Also, Senior Officer Anthony Michael Aulicino sold 11,119 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of C$6.78, for a total value of C$75,386.82. Insiders sold 72,805 shares of company stock valued at $493,618 over the last quarter. 3.03% of the stock is owned by company insiders.

CES Energy Solutions Company Profile

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.