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

Shares of CES Energy Solutions Corp. (TSE:CEU) have been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$9.81.

CEU has been the subject of a number of recent research reports. 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, August 9th. Royal Bank of Canada lifted their price target on CES Energy Solutions from C$9.00 to C$10.00 in a research report on Friday, August 9th. Scotiabank increased their price objective on CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. National Bankshares lifted their target price on CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, BMO Capital Markets upped their price target on CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th.

CES Energy Solutions Stock Up 0.4 %

CEU stock opened at C$7.24 on Monday. The stock has a fifty day moving average of C$7.71 and a 200-day moving average of C$6.59. CES Energy Solutions has a fifty-two week low of C$3.28 and a fifty-two week high of C$8.35. The company has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.61 and a beta of 2.33. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18.

CES Energy Solutions (TSE:CEU) last issued its earnings results 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 business had revenue of C$553.20 million for the quarter, compared to the consensus estimate of C$544.70 million. As a group, equities research analysts predict that CES Energy Solutions will post 0.8595438 earnings per share for the current year.

CES Energy Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.12 annualized dividend and a dividend yield of 1.66%. CES Energy Solutions’s payout ratio is currently 15.38%.

Insider Activity

In related news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the company’s stock in a transaction that occurred on Thursday, July 4th. The shares were sold at an average price of C$7.55, for a total value of C$411,527.85. In related news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the company’s stock in a transaction on Thursday, July 4th. The shares were sold at an average price of C$7.55, for a total value of C$411,527.85. Also, Senior Officer Matthew Stephen Bell sold 26,146 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of C$7.54, for a total value of C$197,140.84. In the last 90 days, insiders sold 90,486 shares of company stock worth $677,700. 3.13% of the stock is currently owned by 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.