BMO Capital Markets Boosts CES Energy Solutions (TSE:CEU) Price Target to C$8.00

CES Energy Solutions (TSE:CEU - Get Free Report) had its target price lifted by equities research analysts at BMO Capital Markets from C$6.00 to C$8.00 in a research report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets' price target suggests a potential upside of 47.33% from the stock's current price.

CEU has been the subject of a number of other research reports. Raymond James boosted their target price on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a "strong-buy" rating in a research report on Monday, March 4th. TD Securities boosted their target price on shares of CES Energy Solutions from C$6.00 to C$7.00 in a research report on Thursday, April 18th. Royal Bank of Canada boosted their price objective on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a report on Friday, March 1st. Scotiabank boosted their price objective on shares of CES Energy Solutions from C$5.30 to C$5.85 in a report on Monday, March 4th. Finally, Stifel Nicolaus boosted their price objective on shares of CES Energy Solutions from C$5.50 to C$7.50 in a report on Wednesday, April 3rd. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$6.48.

CES Energy Solutions Stock Performance

CES Energy Solutions stock remained flat at C$5.43 on Tuesday. 393,066 shares of the company's stock were exchanged, compared to its average volume of 366,409. The firm has a market cap of C$1.28 billion, a PE ratio of 8.93, a PEG ratio of 0.61 and a beta of 2.46. 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 52-week low of C$2.30 and a 52-week high of C$5.80. The company's fifty day moving average is C$4.82 and its two-hundred day moving average is C$4.06.

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

Insider Activity at CES Energy Solutions

In other news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the company's stock in a transaction that occurred on 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 Kenneth Earl Zinger sold 45,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total transaction of C$212,850.00. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of the company's 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. Insiders have sold a total of 498,360 shares of company stock valued at $2,417,920 over the last quarter. 2.35% of the stock is owned by company insiders.

CES Energy Solutions Company Profile

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.