TD Securities Boosts CES Energy Solutions (TSE:CEU) Price Target to C$9.00

CES Energy Solutions (TSE:CEU - Get Free Report) had its target price lifted by TD Securities from C$7.00 to C$9.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price objective would indicate a potential upside of 39.97% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. National Bankshares boosted their price target on shares of CES Energy Solutions from C$6.50 to C$7.00 in a report on Thursday. 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 company an "outperform" rating in a research report on Friday, March 1st. BMO Capital Markets boosted their price objective on shares of CES Energy Solutions from C$6.00 to C$8.00 in a research report on Tuesday, April 23rd. Stifel Nicolaus boosted their price objective on shares of CES Energy Solutions from C$7.50 to C$8.50 in a research report on Thursday. Finally, ATB Capital boosted 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. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$7.14.

CES Energy Solutions Stock Performance

Shares of TSE CEU traded up C$0.43 during midday trading on Thursday, hitting C$6.43. The company's stock had a trading volume of 1,840,569 shares, compared to its average volume of 392,885. CES Energy Solutions has a 1-year low of C$2.30 and a 1-year high of C$6.67. The firm's fifty day moving average price is C$5.19 and its 200-day moving average price is C$4.23. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95. The firm has a market cap of C$1.51 billion, a P/E ratio of 10.54, a P/E/G ratio of 0.61 and a beta of 2.46.

CES Energy Solutions (TSE:CEU - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that CES Energy Solutions will post 0.6391403 EPS for the current fiscal year.

Insider Transactions at CES Energy Solutions

In related news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the business's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$4.71, for a total value of C$708,060.28. In other news, insider EdgePoint Investment Group Inc. purchased 477,897 shares of CES Energy Solutions stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of C$4.72 per share, for a total transaction of C$2,255,673.84. Also, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the company's 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. Over the last quarter, insiders have sold 498,360 shares of company stock worth $2,417,920. Company insiders own 2.35% of the company's stock.

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.