CES Energy Solutions (TSE:CEU) Price Target Raised to C$11.00 at ATB Capital

CES Energy Solutions (TSE:CEU) had its target price lifted by stock analysts at ATB Capital from C$10.00 to C$11.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. ATB Capital’s price target suggests a potential upside of 15.67% from the company’s previous close.

A number of other research firms also recently issued reports on CEU. Scotiabank boosted their price objective on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Raymond James increased their price target on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada raised their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$10.31.

CES Energy Solutions Stock Down 0.4 %

TSE CEU traded down C$0.04 during trading hours on Tuesday, hitting C$9.51. 332,260 shares of the company traded hands, compared to its average volume of 595,045. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. The business’s 50-day moving average is C$8.54 and its 200-day moving average is C$7.84. The stock has a market capitalization of C$2.23 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a twelve month low of C$3.30 and a twelve month high of C$9.99.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Wednesday, November 6th. 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 company had revenue of C$606.52 million during the quarter, compared to analysts’ expectations of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. Sell-side analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

Insider Activity

In related news, Director Michael Hallat sold 22,610 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total value of C$174,357.02. Also, Senior Officer Anthony Michael Aulicino sold 17,667 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$8.99, for a total value of C$158,826.33. Insiders have sold a total of 492,732 shares of company stock valued at $3,781,982 over the last quarter. Company insiders own 3.03% 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.