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

CES Energy Solutions (TSE:CEU) had its price target upped by ATB Capital from C$10.00 to C$11.00 in a report released on Tuesday,BayStreet.CA reports. ATB Capital’s target price would indicate a potential upside of 14.23% from the company’s previous close.

CEU has been the topic of several other reports. Scotiabank upped their price objective on CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th. Royal Bank of Canada lifted their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Finally, 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. One equities research 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 data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$10.31.

CES Energy Solutions Price Performance

CEU opened at C$9.63 on Tuesday. The company has a debt-to-equity ratio of 51.40, a current ratio of 3.18 and a quick ratio of 1.78. The stock’s 50 day simple moving average is C$8.62 and its 200 day simple moving average is C$7.88. The firm has a market cap of C$2.25 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 1 year low of C$3.30 and a 1 year high of C$9.99.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.06. The company had revenue of C$606.52 million for 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%. As a group, analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of CES Energy Solutions stock in a transaction that occurred 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, Director John Michael Hooks sold 300,000 shares of the firm’s stock in a transaction 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. Insiders have sold 492,732 shares of company stock valued at $3,781,982 over the last 90 days. 3.03% of the stock is currently owned by corporate 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.