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

CES Energy Solutions (TSE:CEU) had its price target raised by stock analysts at National Bankshares from C$4.75 to C$6.50 in a research report issued 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 company’s current price.

CEU has been the subject of a number of other reports. TD Securities upped their price objective on shares of CES Energy Solutions from C$6.00 to C$7.00 in a report on Thursday, April 18th. Stifel Nicolaus upped their price objective on shares of CES Energy Solutions from C$5.50 to C$7.50 in a report on Wednesday, April 3rd. Raymond James upped their price objective on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a “strong-buy” rating in a report on Monday, March 4th. Royal Bank of Canada upped their price objective on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, BMO Capital Markets upped their price objective on shares of CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday. One 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 company’s stock. According to MarketBeat, CES Energy Solutions currently has a consensus rating of “Buy” and an average target price of C$6.70.

CES Energy Solutions Price 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 company has a market cap of C$1.28 billion, a P/E ratio of 8.93, a PEG ratio of 0.61 and a beta of 2.46. CES Energy Solutions has a 52 week low of C$2.30 and a 52 week high of C$5.80. The business’s 50-day moving average is C$4.85 and its 200 day moving average is C$4.08. 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 posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The business had revenue of C$553.46 million for the quarter, compared to analysts’ expectations of C$538.23 million. Equities research analysts predict that CES Energy Solutions will post 0.6553738 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John Michael Hooks sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$4.76, for a total value of C$475,610.00. In other CES Energy Solutions news, Director John Michael Hooks sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$4.76, for a total transaction of C$475,610.00. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of CES Energy Solutions stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$5.55, for a total value of C$127,650.00. Over the last 90 days, insiders sold 498,360 shares of company stock valued at $2,417,920. Insiders own 2.35% of the company’s stock.

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.