CES Energy Solutions Corp. (TSE:CEU) Stock Has Average Target Price of C$19.83

Key Points

• Analysts hold a Moderate Buy consensus on CES Energy Solutions, with six buy ratings and two holds. The average 12-month price target is C$19.83, while recent targets range as high as C$25.00.
• Shares opened at C$19.76, near the analyst average target, with a market capitalization of C$4.14 billion. The stock has traded between C$9.17 and C$20.83 over the past year.
• CES Energy Solutions reported quarterly EPS of C$0.18 on revenue of C$714.08 million, along with a 7.36% net margin and 23.68% return on equity. Director John Michael Hooks subsequently sold 78,700 shares for approximately C$1.5 million.

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned 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$19.83.

CEU has been the subject of several research reports. TD increased their target price on CES Energy Solutions from C$18.00 to C$19.00 and gave the company a "hold" rating in a research report on Tuesday. National Bank Financial upgraded CES Energy Solutions from a "hold" rating to an "outperform" rating and set a C$20.00 price target for the company in a report on Friday, August 7th. Raymond James Financial lifted their price objective on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Finally, Scotia boosted their target price on CES Energy Solutions from C$21.00 to C$22.00 and gave the company a "sector outperform" rating in a research report on Monday, August 10th.

CES Energy Solutions Price Performance

Shares of TSE CEU opened at C$19.76 on Friday. The firm has a market cap of C$4.14 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 0.61 and a beta of 0.94. The company has a current ratio of 2.70, a quick ratio of 1.78 and a debt-to-equity ratio of 55.36. CES Energy Solutions has a 1-year low of C$9.17 and a 1-year high of C$20.83. The business's 50 day moving average is C$18.97 and its 200-day moving average is C$17.93.

CES Energy Solutions (TSE:CEU - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter. CES Energy Solutions had a net margin of 7.36% and a return on equity of 23.68%. The firm had revenue of C$714.08 million during the quarter. Equities research analysts predict that CES Energy Solutions will post 0.86 earnings per share for the current year.

Insider Activity

In other CES Energy Solutions news, Director John Michael Hooks sold 78,700 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of C$19.10, for a total transaction of C$1,503,170.00. Following the sale, the director owned 787,351 shares in the company, valued at C$15,038,404.10. This represents a 9.09% decrease in their ownership of the stock. 3.03% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.