CES Energy Solutions (TSE:CEU – Get Free Report) had its target price upped by research analysts at National Bankshares from C$7.00 to C$9.25 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 15.05% from the company’s current price.
Several other equities analysts have also weighed in on the stock. Scotiabank raised their price objective on shares of CES Energy Solutions from C$5.85 to C$8.50 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Raymond James boosted their target price on CES Energy Solutions from C$6.75 to C$8.50 in a research report on Friday, May 10th. TD Securities upped their target price on CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. Stifel Nicolaus lifted their price target on CES Energy Solutions from C$7.50 to C$8.50 in a research note on Thursday, May 9th. Finally, BMO Capital Markets raised their target price on shares of CES Energy Solutions from C$9.00 to C$10.00 in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CES Energy Solutions currently has an average rating of “Buy” and a consensus price target of C$8.53.
Read Our Latest Stock Report on CES Energy Solutions
CES Energy Solutions Stock Down 0.6 %
CES Energy Solutions (TSE:CEU – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.08. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%. The company had revenue of C$588.58 million for the quarter, compared to analysts’ expectations of C$555.63 million. Research analysts predict that CES Energy Solutions will post 0.7197861 EPS for the current year.
Insiders Place Their Bets
In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 26,146 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of C$7.54, for a total transaction of C$197,140.84. In other news, Senior Officer Kenneth Earl Zinger acquired 200,000 shares of CES Energy Solutions stock in a transaction dated Monday, June 17th. The stock was acquired at an average cost of C$7.03 per share, for a total transaction of C$1,405,600.00. Also, Senior Officer Matthew Stephen Bell sold 26,146 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of C$7.54, for a total transaction of C$197,140.84. Insiders sold 106,043 shares of company stock valued at $788,155 over the last ninety days. Corporate 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.
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