CES Energy Solutions Corp. (TSE:CEU) Receives Average Recommendation of “Buy” from Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned a consensus rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One research 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. The average 1 year target price among brokers that have covered the stock in the last year is C$9.84.

CEU has been the subject of a number of recent analyst reports. Raymond James increased their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. National Bankshares increased their target price on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. ATB Capital increased their target price on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. BMO Capital Markets increased their target price on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Finally, Scotiabank increased their target price on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th.

Insider Activity

In other news, Director John Michael Hooks sold 300,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total value of C$2,167,680.00. In related news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of CES Energy Solutions stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total transaction of C$547,350.72. Also, Director John Michael Hooks sold 300,000 shares of CES Energy Solutions stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. In the last quarter, insiders have sold 400,478 shares of company stock valued at $2,927,940. 3.03% of the stock is currently owned by insiders.

CES Energy Solutions Trading Up 1.2 %

Shares of CEU stock opened at C$8.15 on Tuesday. CES Energy Solutions has a 52-week low of C$3.28 and a 52-week high of C$8.35. The stock has a market cap of C$1.91 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. The firm has a fifty day moving average of C$7.66 and a 200-day moving average of C$7.26.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.05). CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The business had revenue of C$553.20 million during the quarter, compared to analyst estimates of C$544.70 million. On average, equities research analysts forecast that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, September 27th. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

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.