Analysts Offer Predictions for TSE:CEU FY2024 Earnings

CES Energy Solutions Corp. (TSE:CEU) – Stock analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of CES Energy Solutions in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst D. Payne now anticipates that the company will post earnings of $0.84 per share for the year, up from their previous estimate of $0.83. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share.

Other analysts have also issued research reports about the stock. Scotiabank raised 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. National Bankshares raised their price objective on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a report on Monday, July 29th. BMO Capital Markets upped their target price on CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Royal Bank of Canada raised their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday. Finally, ATB Capital upped 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. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$9.97.

CES Energy Solutions Stock Performance

CES Energy Solutions stock opened at C$9.02 on Friday. CES Energy Solutions has a fifty-two week low of C$3.28 and a fifty-two week high of C$9.43. The company has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.61 and a beta of 2.31. The stock has a fifty day moving average of C$7.73 and a two-hundred day moving average of C$7.34. 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 quarterly earnings data on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.05). The business had revenue of C$553.20 million during the quarter, compared to analyst estimates of C$544.70 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%.

CES Energy Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Insider Activity at CES Energy Solutions

In other news, Director Michael Hallat sold 22,610 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total transaction 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 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. Insiders have sold a total of 400,478 shares of company stock worth $2,927,940 in the last three months. 3.03% of the stock is owned by company insiders.

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.