CES Energy Solutions (TSE:CEU) Price Target Raised to C$11.50 at National Bankshares

CES Energy Solutions (TSE:CEU) had its price target increased by equities research analysts at National Bankshares from C$10.00 to C$11.50 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 21.56% from the company’s current price.

Several other equities research analysts also recently weighed in on CEU. Scotiabank increased their target price on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Raymond James increased their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. ATB Capital boosted their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Atb Cap Markets cut CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada raised their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Two analysts have 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 company has an average rating of “Moderate Buy” and an average price target of C$10.59.

CES Energy Solutions Price Performance

TSE CEU traded up C$0.12 during trading on Thursday, hitting C$9.46. 288,053 shares of the stock traded hands, compared to its average volume of 597,081. The company has a market capitalization of C$2.21 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 12-month low of C$3.39 and a 12-month high of C$9.99. The firm has a 50-day simple moving average of C$8.79 and a 200-day simple moving average of C$7.98. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Wednesday, November 6th. 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$606.52 million for the quarter, compared to the consensus estimate of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. As a group, analysts predict that CES Energy Solutions will post 0.8600646 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Michael Hooks sold 300,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. Also, Senior Officer Anthony Michael Aulicino sold 17,667 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$8.99, for a total transaction of C$158,826.33. In the last ninety days, insiders sold 492,732 shares of company stock worth $3,781,982. 3.03% of the stock is currently 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.