CES Energy Solutions (TSE:CEU) PT Raised to C$8.00 at BMO Capital Markets

CES Energy Solutions (TSE:CEU) had its target price raised by analysts at BMO Capital Markets from C$6.00 to C$8.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 48.15% from the stock’s previous close.

Several other brokerages also recently weighed in on CEU. Scotiabank raised their price target on CES Energy Solutions from C$5.30 to C$5.85 in a report on Monday, March 4th. TD Securities raised their price target on CES Energy Solutions from C$6.00 to C$7.00 in a report on Thursday, April 18th. Raymond James raised their price target on CES Energy Solutions from C$6.50 to C$6.75 and gave the company a “strong-buy” rating in a report on Monday, March 4th. ATB Capital raised their price target on CES Energy Solutions from C$5.25 to C$6.50 in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada raised their price target on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CES Energy Solutions has a consensus rating of “Buy” and a consensus target price of C$6.70.

CES Energy Solutions Price Performance

CEU opened at C$5.40 on Tuesday. The stock has a fifty day simple moving average of C$4.85 and a two-hundred day simple moving average of C$4.08. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 70.47. The company has a market cap of C$1.27 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46. CES Energy Solutions has a 12-month low of C$2.30 and a 12-month high of C$5.80.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. The business had revenue of C$553.46 million during the quarter, compared to the consensus estimate of C$538.23 million. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. Research analysts predict that CES Energy Solutions will post 0.6553738 earnings per share for the current fiscal year.

Insider Activity at CES Energy Solutions

In other CES Energy Solutions news, insider EdgePoint Investment Group Inc. acquired 477,897 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average cost of C$4.72 per share, with a total value of C$2,255,673.84. In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$4.73, for a total value of C$212,850.00. Also, insider EdgePoint Investment Group Inc. bought 477,897 shares of the company’s stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of C$4.72 per share, for a total transaction of C$2,255,673.84. Insiders have sold 498,360 shares of company stock valued at $2,417,920 over the last ninety days. 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.