CES Energy Solutions (TSE:CEU) PT Raised to C$10.00 at Royal Bank of Canada

CES Energy Solutions (TSE:CEU) had its price target raised by equities researchers at Royal Bank of Canada from C$9.00 to C$10.00 in a note issued to investors on Friday, BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 30.38% from the stock’s previous close.

Several other research firms also recently issued reports on CEU. Raymond James upped their price objective on shares of CES Energy Solutions from C$6.75 to C$8.50 in a report on Friday, May 10th. TD Securities increased their price target on shares of CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. National Bankshares boosted their target price on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a research report on Monday, July 29th. ATB Capital boosted their price target on CES Energy Solutions from C$8.25 to C$8.50 and gave the company an “outperform” rating in a report on Friday, June 28th. Finally, BMO Capital Markets increased their price target on shares of CES Energy Solutions from C$9.00 to C$10.00 in a report on Tuesday, July 16th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$9.50.

CES Energy Solutions Stock Up 2.0 %

Shares of CEU stock traded up C$0.15 during mid-day trading on Friday, hitting C$7.67. The stock had a trading volume of 939,365 shares, compared to its average volume of 557,600. CES Energy Solutions has a 12-month low of C$2.94 and a 12-month high of C$8.35. The firm’s 50-day moving average is C$7.45 and its two-hundred day moving average is C$5.97. The firm has a market capitalization of C$1.80 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 0.61 and a beta of 2.41. The company has a debt-to-equity ratio of 60.16, a current ratio of 2.76 and a quick ratio of 1.78.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.08. The company had revenue of C$588.58 million for the quarter, compared to the consensus estimate of C$555.63 million. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. On average, analysts predict that CES Energy Solutions will post 0.7197861 earnings per share for the current fiscal year.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger acquired 200,000 shares of the stock in a transaction dated Monday, June 17th. The stock was acquired at an average price of C$7.03 per share, with a total value of C$1,405,600.00. In related news, Senior Officer Matthew Stephen Bell sold 15,557 shares of CES Energy Solutions stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$7.10, for a total transaction of C$110,454.70. Also, Senior Officer Kenneth Earl Zinger purchased 200,000 shares of CES Energy Solutions stock in a transaction on Monday, June 17th. The shares were acquired at an average cost of C$7.03 per share, for a total transaction of C$1,405,600.00. In the last three months, insiders have sold 106,043 shares of company stock worth $788,155. 2.91% of the stock is currently owned by 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.