Royal Bank of Canada Raises CES Energy Solutions (TSE:CEU) Price Target to C$10.00

CES Energy Solutions (TSE:CEU) had its price target increased by equities research analysts at Royal Bank of Canada from C$9.00 to C$10.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Royal Bank of Canada’s price objective suggests a potential upside of 30.38% from the stock’s current price.

CEU has been the topic of a number of other research reports. Stifel Nicolaus lifted their price target on shares of CES Energy Solutions from C$7.50 to C$8.50 in a research note on Thursday, May 9th. ATB Capital lifted their price target on shares of 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. TD Securities boosted their price target on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research report on Wednesday, July 17th. National Bankshares raised their price objective on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Finally, Scotiabank boosted their target price on CES Energy Solutions from C$5.85 to C$8.50 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$9.50.

CES Energy Solutions Trading Up 2.0 %

CEU traded up C$0.15 during trading on Friday, reaching C$7.67. The company 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 company has a market cap of C$1.80 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 0.61 and a beta of 2.41. The company has a debt-to-equity ratio of 60.16, a quick ratio of 1.78 and a current ratio of 2.76. The firm’s 50-day simple moving average is C$7.45 and its 200 day simple moving average is C$5.97.

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

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 15,557 shares of the business’s 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 value of C$110,454.70. In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 15,557 shares of CES Energy Solutions stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$7.10, for a total value of C$110,454.70. Also, Senior Officer Kenneth Earl Zinger bought 200,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were acquired at an average price of C$7.03 per share, for a total transaction of C$1,405,600.00. In the last 90 days, insiders sold 106,043 shares of company stock worth $788,155. Insiders own 2.91% of the company’s stock.

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.