CES Energy Solutions (TSE:CEU – Get Free Report) had its price target boosted by research analysts at Raymond James from C$10.50 to C$10.75 in a research report issued on Tuesday, BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 37.64% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the stock. Scotiabank upped their price objective on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Monday, August 12th. BMO Capital Markets increased their price target on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Royal Bank of Canada lifted their price target on shares of CES Energy Solutions from C$9.00 to C$10.00 in a research report on Friday, August 9th. ATB Capital increased their price objective on CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. Finally, TD Securities lifted their target price on CES Energy Solutions from C$9.00 to C$9.50 in a research report on Wednesday, July 17th. 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. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$9.84.
Read Our Latest Stock Report on CES Energy Solutions
CES Energy Solutions Trading Up 1.0 %
CES Energy Solutions (TSE:CEU – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.05). CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The company had revenue of C$553.20 million for the quarter, compared to analyst estimates of C$544.70 million. Analysts expect that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.
Insider Buying and Selling
In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of CES Energy Solutions stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total value of C$174,357.02. In related news, Director John Michael Hooks sold 300,000 shares of CES Energy Solutions stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$7.23, for a total value of C$2,167,680.00. Also, Director Michael Hallat sold 22,610 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total value of C$174,357.02. In the last 90 days, insiders have sold 400,478 shares of company stock valued at $2,927,940. Corporate insiders own 3.03% 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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