National Bankshares Issues Positive Forecast for CES Energy Solutions (TSE:CEU) Stock Price

CES Energy Solutions (TSE:CEU - Get Free Report) had its price target hoisted by equities researchers at National Bankshares from C$10.00 to C$11.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 21.05% from the stock's previous close.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada increased their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Raymond James boosted their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Atb Cap Markets cut shares of CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. ATB Capital raised their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Finally, Scotiabank boosted their target price on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$10.59.

CES Energy Solutions Trading Up 1.7 %

CEU stock traded up C$0.16 during mid-day trading on Thursday, reaching C$9.50. The company's stock had a trading volume of 551,025 shares, compared to its average volume of 598,201. The company has a market cap of C$2.22 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 12 month low of C$3.39 and a 12 month high of C$9.99. The business's 50 day moving average price is C$8.79 and its 200 day moving average price is C$7.98. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40.

CES Energy Solutions (TSE:CEU - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.06. The firm had revenue of C$606.52 million for the quarter, compared to analysts' expectations of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. On average, equities research analysts predict that CES Energy Solutions will post 0.8600646 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Michael Hooks sold 4,382 shares of CES Energy Solutions stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total transaction of C$32,952.64. Also, Senior Officer Anthony Michael Aulicino sold 20,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of C$9.85, for a total transaction of C$197,000.00. Over the last three months, insiders have sold 492,732 shares of company stock worth $3,781,982. Company insiders own 3.03% 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.