CES Energy Solutions (TSE:CEU) Price Target Raised to C$10.50

CES Energy Solutions (TSE:CEU) had its price target raised by Scotiabank from C$9.00 to C$10.50 in a research note released on Monday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on the stock. TD Securities boosted their price objective on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research note on Wednesday, July 17th. ATB Capital upped their price target on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. National Bankshares upped their price target on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a research report on Monday, July 29th. BMO Capital Markets upped their price target on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Finally, Raymond James increased their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. One equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$10.16.

CES Energy Solutions Stock Down 1.1 %

Shares of TSE:CEU opened at C$8.98 on Monday. The company has a fifty day moving average of C$7.79 and a 200-day moving average of C$7.43. The company has a market capitalization of C$2.10 billion, a PE ratio of 11.51, a price-to-earnings-growth 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. CES Energy Solutions has a 52-week low of C$3.28 and a 52-week high of C$9.43.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The company had revenue of C$606.52 million during the quarter, compared to the consensus estimate of C$582.25 million. On average, equities analysts predict that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.34%. CES Energy Solutions’s dividend payout ratio is presently 15.38%.

Insider Buying and Selling

In related news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$9.13, for a total value of C$498,215.55. In other CES Energy Solutions news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$9.13, for a total value of C$498,215.55. Also, Director John Michael Hooks sold 300,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. Insiders have sold 455,065 shares of company stock worth $3,426,156 in the last quarter. Insiders own 3.03% of the company’s stock.

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.