CES Energy Solutions (TSE:CEU) Price Target Raised to C$7.00 at TD Securities

CES Energy Solutions (TSE:CEU - Get Free Report) had its price objective upped by research analysts at TD Securities from C$6.00 to C$7.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. TD Securities' target price suggests a potential upside of 31.09% from the stock's previous close.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets raised their price target on shares of CES Energy Solutions from C$5.50 to C$6.00 in a research report on Thursday, March 28th. ATB Capital lifted their price objective on shares of CES Energy Solutions from C$5.25 to C$6.50 in a research report on Wednesday, April 3rd. Stifel Nicolaus lifted their price objective on shares of CES Energy Solutions from C$5.50 to C$7.50 in a research report on Wednesday, April 3rd. Scotiabank lifted their price objective on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research report on Monday, March 4th. Finally, Raymond James lifted their price objective on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the company a "strong-buy" rating in a research report on Monday, March 4th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$6.23.

CES Energy Solutions Stock Performance

Shares of CES Energy Solutions stock traded down C$0.05 during trading hours on Thursday, reaching C$5.34. The company's stock had a trading volume of 419,692 shares, compared to its average volume of 367,112. The company's 50 day simple moving average is C$4.77 and its 200 day simple moving average is C$4.03. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95. CES Energy Solutions has a one year low of C$2.30 and a one year high of C$5.80. The stock has a market cap of C$1.26 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46.

CES Energy Solutions (TSE:CEU - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The company had revenue of C$553.46 million for the quarter, compared to the consensus estimate of C$538.23 million. As a group, analysts expect that CES Energy Solutions will post 0.6553738 EPS for the current fiscal year.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the firm's stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$5.55, for a total transaction of C$127,650.00. In other news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of CES Energy Solutions stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$4.71, for a total value of C$708,060.28. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of CES Energy Solutions stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of C$5.55, for a total transaction of C$127,650.00. In the last 90 days, insiders have sold 498,360 shares of company stock valued at $2,417,920. Company insiders own 2.35% of the company's stock.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.