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

CES Energy Solutions (TSE:CEU) had its target price boosted by equities research analysts at National Bankshares from C$4.75 to C$6.50 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 20.37% from the stock’s current price.

Other analysts also recently issued reports about the company. Royal Bank of Canada upped their price objective on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research note on Friday, March 1st. Raymond James upped their price objective on CES Energy Solutions from C$6.50 to C$6.75 and gave the company a “strong-buy” rating in a research note on Monday, March 4th. ATB Capital upped their price objective on CES Energy Solutions from C$5.25 to C$6.50 in a research note on Wednesday, April 3rd. Scotiabank upped their price objective on CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. Finally, Stifel Nicolaus upped their price objective on CES Energy Solutions from C$5.50 to C$7.50 in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$6.70.

CES Energy Solutions Price Performance

Shares of TSE CEU opened at C$5.40 on Wednesday. The stock has a market cap of C$1.27 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46. The company has a quick ratio of 1.78, a current ratio of 2.95 and a debt-to-equity ratio of 70.47. CES Energy Solutions has a 52-week low of C$2.30 and a 52-week high of C$5.80. The business has a 50-day moving average price of C$4.88 and a 200 day moving average price of C$4.09.

CES Energy Solutions (TSE:CEU) last announced 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 analysts’ expectations of C$538.23 million. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. Equities research analysts forecast that CES Energy Solutions will post 0.6553738 earnings per share for the current year.

Insider Transactions at CES Energy Solutions

In other news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$4.71, for a total transaction of C$708,060.28. In related news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$4.71, for a total value of C$708,060.28. Also, Director Kyle Kitagawa sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$5.33, for a total value of C$266,500.00. 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.