CES Energy Solutions (TSE:CEU – Get Free Report) had its price target hoisted by analysts at Stifel Nicolaus from C$7.50 to C$8.50 in a note issued to investors on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 32.81% from the company’s previous close.
Several other research analysts have also recently weighed in on CEU. National Bankshares boosted their price target on CES Energy Solutions from C$4.75 to C$6.50 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. ATB Capital upped their price target on CES Energy Solutions from C$5.25 to C$6.50 in a research report on Wednesday, April 3rd. TD Securities upped their price objective on CES Energy Solutions from C$6.00 to C$7.00 in a research note on Thursday, April 18th. 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, BMO Capital Markets upped their price objective on CES Energy Solutions from C$6.00 to C$8.00 in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$7.14.
View Our Latest Stock Report on CEU
CES Energy Solutions Trading Up 6.7 %
CES Energy Solutions (TSE:CEU – Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. The company had revenue of C$553.46 million for the quarter, compared to analyst estimates of C$538.23 million. Equities analysts forecast that CES Energy Solutions will post 0.6391403 earnings per share for the current year.
Insider Transactions at CES Energy Solutions
In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the firm’s stock in a transaction 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 business’s stock in a transaction 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. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of the business’s 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 three months, insiders have sold 498,360 shares of company stock worth $2,417,920. 2.35% of the stock is currently owned by company insiders.
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.
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