Raymond James Raises CES Energy Solutions (TSE:CEU) Price Target to C$10.50

CES Energy Solutions (TSE:CEU) had its target price boosted by stock analysts at Raymond James from C$8.50 to C$10.50 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ price target suggests a potential upside of 34.10% from the company’s previous close.

A number of other analysts have also issued reports on CEU. Scotiabank lifted 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 note on Tuesday, May 14th. National Bankshares lifted their price objective on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a research note on Monday, July 29th. ATB Capital lifted their price objective on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday. BMO Capital Markets lifted their price target on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday. Finally, 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. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$9.81.

CES Energy Solutions Trading Up 2.1 %

CEU stock traded up C$0.16 during midday trading on Monday, reaching C$7.83. 593,274 shares of the company’s stock traded hands, compared to its average volume of 557,830. The company has a market capitalization of C$1.84 billion, a P/E ratio of 11.07, a PEG ratio of 0.61 and a beta of 2.41. The business has a 50-day moving average price of C$7.45 and a two-hundred day moving average price of C$5.99. CES Energy Solutions has a fifty-two week low of C$3.17 and a fifty-two week high of C$8.35. The company has a debt-to-equity ratio of 60.16, a current ratio of 2.76 and a quick ratio of 1.78.

Insider Buying and Selling

In related news, Senior Officer Kenneth Earl Zinger acquired 200,000 shares of CES Energy Solutions stock in a transaction that occurred on Monday, June 17th. The stock was acquired at an average price of C$7.03 per share, with a total value of C$1,405,600.00. In other news, Senior Officer Matthew Stephen Bell sold 8,131 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$6.92, for a total value of C$56,266.52. 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 bought at an average cost of C$7.03 per share, with a total value of C$1,405,600.00. Insiders sold 106,043 shares of company stock valued at $788,155 over the last 90 days. 2.91% of the stock is currently owned by company insiders.

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.