CES Energy Solutions Corp. (TSE:CEU) Receives C$11.38 Consensus Target Price from Analysts

by · The Cerbat Gem

Shares of CES Energy Solutions Corp. (TSE:CEU – Get Free Report) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$11.38.

CEU has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Scotiabank increased their price target on shares of CES Energy Solutions from C$9.50 to C$10.25 in a research report on Friday, October 17th. Raymond James Financial downgraded CES Energy Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, November 17th. TD Securities upped their price objective on CES Energy Solutions from C$9.00 to C$11.00 in a research note on Tuesday, October 14th. Finally, National Bankshares raised their target price on CES Energy Solutions from C$10.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th.

Read Our Latest Analysis on CES Energy Solutions

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$12.75 on Wednesday. The firm has a market capitalization of C$2.71 billion, a PE ratio of 16.14, a PEG ratio of 0.61 and a beta of 0.83. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26. CES Energy Solutions has a 1-year low of C$5.59 and a 1-year high of C$13.24. The business’s 50 day moving average is C$10.51 and its 200-day moving average is C$8.62.

CES Energy Solutions (TSE:CEU – Get Free Report) last issued its earnings results on Thursday, November 13th. The company reported C$0.18 EPS for the quarter. The business had revenue of C$623.22 million during the quarter. CES Energy Solutions had a return on equity of 27.61% and a net margin of 8.62%. Sell-side analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

About CES Energy Solutions

(Get Free Report)

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.

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