Analysts Set CES Energy Solutions Corp. (TSE:CEU) PT at C$10.59

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$10.59.

A number of equities research analysts have recently weighed in on CEU shares. Atb Cap Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Raymond James upped their target price on CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Royal Bank of Canada raised their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. ATB Capital lifted their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Finally, National Bankshares increased their price objective on CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a report on Thursday, December 19th.

CES Energy Solutions Price Performance

Shares of CEU stock opened at C$9.70 on Wednesday. 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 fifty-two week low of C$3.39 and a fifty-two week high of C$9.99. The firm has a market cap of C$2.27 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.61 and a beta of 2.31. The business’s 50 day moving average price is C$9.01 and its 200-day moving average price is C$8.09.

CES Energy Solutions (TSE:CEU) last released 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 business had revenue of C$606.52 million for the quarter, compared to analysts’ expectations of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. On average, equities research analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Insider Activity

In other CES Energy Solutions news, Director John Michael Hooks sold 4,382 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total transaction of C$32,952.64. Also, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$547,350.72. Insiders sold 192,732 shares of company stock worth $1,614,302 over the last three months. 3.03% of the stock is currently owned by corporate 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.