CES Energy Solutions (TSE:CEU) Upgraded at National Bankshares

CES Energy Solutions (TSE:CEU - Get Free Report) was upgraded by equities research analysts at National Bankshares from a "sector perform" rating to an "outperform" rating in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a C$14.50 price target on the stock. National Bankshares' price target would indicate a potential upside of 107.14% from the stock's current price.

Several other equities analysts have also recently commented on the stock. Atb Cap Markets upgraded shares of CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. TD Securities lowered their target price on CES Energy Solutions from C$11.00 to C$9.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Royal Bank Of Canada reduced their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. BMO Capital Markets lowered their price objective on shares of CES Energy Solutions from C$10.00 to C$9.00 in a research report on Thursday, April 17th. Finally, ATB Capital lowered their price objective on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$10.54.

CES Energy Solutions Stock Performance

TSE:CEU traded up C$0.24 during mid-day trading on Thursday, hitting C$7.00. The stock had a trading volume of 619,835 shares, compared to its average volume of 636,366. CES Energy Solutions has a 52 week low of C$5.59 and a 52 week high of C$10.20. The company has a 50 day simple moving average of C$6.41 and a 200-day simple moving average of C$7.56. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. The stock has a market capitalization of C$1.57 billion, a price-to-earnings ratio of 8.17, 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 bought 5,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were bought at an average price of C$6.00 per share, for a total transaction of C$30,000.00. Company insiders own 3.03% of the company's stock.

About CES Energy Solutions

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.

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