CES Energy Solutions (TSE:CEU) Price Target Raised to C$6.50 at National Bankshares

CES Energy Solutions (TSE:CEU) had its price objective lifted by equities research analysts at National Bankshares from C$4.75 to C$6.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target points to a potential upside of 19.27% from the stock’s current price.

CEU has been the subject of several other research reports. TD Securities raised their price target on CES Energy Solutions from C$6.00 to C$7.00 in a report on Thursday, April 18th. BMO Capital Markets lifted their target price on CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday. Scotiabank lifted their target price on CES Energy Solutions from C$5.30 to C$5.85 in a report on Monday, March 4th. ATB Capital raised their price target on CES Energy Solutions from C$5.25 to C$6.50 in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada raised their price target on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CES Energy Solutions has an average rating of “Buy” and a consensus price target of C$6.70.

CES Energy Solutions Stock Performance

Shares of TSE CEU traded up C$0.02 during trading on Wednesday, hitting C$5.45. The company had a trading volume of 123,963 shares, compared to its average volume of 363,356. The stock has a 50 day simple moving average of C$4.85 and a 200 day simple moving average of C$4.08. The firm has a market capitalization of C$1.28 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46. CES Energy Solutions has a 12 month low of C$2.30 and a 12 month high of C$5.80. 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 (TSE:CEU) last issued its earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The company had revenue of C$553.46 million for the quarter, compared to the consensus estimate of C$538.23 million. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. As a group, analysts anticipate that CES Energy Solutions will post 0.6553738 earnings per share for the current year.

Insider Transactions at CES Energy Solutions

In related news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the business’s stock in a transaction 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 other news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$4.73, for a total value of C$212,850.00. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of C$5.55, for a total value of C$127,650.00. In the last three months, insiders sold 498,360 shares of company stock valued at $2,417,920. Corporate 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.