CES Energy Solutions Corp T.CEU

RBC Upgrade

[retiredcf]

Mr. Mackey (RBC)  raised his target for CES Energy Solutions Corp.  to $3.25 from $2.75 with an “outperform” rating.  The average target is $3.80.

“CEU’s stronger 1Q22 results relative to both Street/RBC estimates were driven by a softer landing on pricing versus inflationary factors, primarily later in the quarter. Looking ahead, the company’s ability to grow revenue alongside industry rig activity while converting working capital into free cash flow remains a key input to our constructive thesis,” he said.

[retiredcf]

Their upside scenario target is now $4.25. GLTA

[JTDOUBLE]

We will see a lot of institutionals upgrades coming it's way here !!! Previous quarters they said the capacity used is only around 55% given the scenario they could easily ramp up productions without putting more outlaying  capital cost ..  Margin should go up next quarter.. 

[zforzebra]

Hope so, because the quarter that just passed was merely okay.

[retiredcf]

If the results were "merely OK" they wouldn't be getting multiple upgrades. So I checked the poster and should have known. It's Mr. "Uple you know" who joined SH 5 days ago and doesn't seem to know much about anything. Another one for the bin. GLTA

[JTDOUBLE]

[zforzebra]

You should not resort to insults because another person is not a cheerleader for your stock. Given others in the sector are reporting crazy revenue growth and earnings, CES is not in that category for sure.  I can see the record revenue (which is good, especially since rig counts are still rising.  Indicates more record quarters to coming) but it is not reflected in the earnings because

[JTDOUBLE]

Margin should increased as stated they increase prices last March.. 1:20 AM EDT, 05/16/2022 (MT Newswires) -- Scotiabank feels CES Energy Solutions Corp. (CEU.TO) can recover profit margins earlier than expected given the strong activity levels, tapering pace of cost inflation, and successful pricing actions to date. The bank noted that CES Energy's Q1 margins compressed 240 basis points