CES Energy Solutions (TSE:CEU) Hits New 12-Month High – Should You Buy?

CES Energy Solutions Corp. (TSE:CEU) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$9.78 and last traded at C$9.49, with a volume of 708161 shares trading hands. The stock had previously closed at C$9.77.

Analysts Set New Price Targets

Several brokerages recently weighed in on CEU. Royal Bank of Canada boosted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. 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. Scotiabank upped their price objective on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. BMO Capital Markets lifted their target price on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Finally, Raymond James boosted their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. One 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. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$10.16.

CES Energy Solutions Stock Up 0.3 %

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’s 50 day moving average price is C$8.15 and its two-hundred day moving average price is C$7.66. The company has a market cap of C$2.22 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31.

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

CES Energy Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 15.38%.

Insider Transactions at CES Energy Solutions

In other news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$547,350.72. Also, Director John Michael Hooks sold 300,000 shares of the company’s 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. Insiders have sold 472,732 shares of company stock valued at $3,584,982 over the last ninety days. 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.