CES Energy Solutions Corp. (TSE:CEU) Receives Consensus Recommendation of “Hold” from Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$18.64.

Several equities research analysts have recently commented on the stock. TD boosted their target price on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Raymond James Financial boosted their target price on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. Royal Bank Of Canada boosted their target price on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. National Bank Financial downgraded shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and set a C$20.00 target price for the company. in a research report on Wednesday, May 13th. Finally, BMO Capital Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th.

CES Energy Solutions Price Performance

Shares of TSE CEU opened at C$15.41 on Friday. CES Energy Solutions has a twelve month low of C$6.49 and a twelve month high of C$19.58. The firm has a fifty day simple moving average of C$17.78 and a 200 day simple moving average of C$15.99. The company has a market capitalization of C$3.25 billion, a PE ratio of 15.89, a P/E/G ratio of 0.61 and a beta of 0.52. The company has a quick ratio of 1.78, a current ratio of 2.75 and a debt-to-equity ratio of 55.71.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, May 7th. The company reported C$0.24 earnings per share for the quarter. CES Energy Solutions had a net margin of 8.29% and a return on equity of 26.01%. The business had revenue of C$681.51 million during the quarter. On average, sell-side analysts forecast that CES Energy Solutions will post 0.8600646 EPS for the current year.

Insiders Place Their Bets

In related news, Director John Michael Hooks sold 133,800 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$18.92, for a total transaction of C$2,531,496.00. Following the transaction, the director directly owned 902,565 shares in the company, valued at approximately C$17,076,529.80. The trade was a 12.91% decrease in their ownership of the stock. Company insiders own 3.03% of the company’s stock.

CES Energy Solutions Company Profile

CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES’ business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.