National Bankshares Forecasts Strong Price Appreciation for CES Energy Solutions (TSE:CEU) Stock

CES Energy Solutions (TSE:CEU) had its price objective upped by National Bankshares from C$10.00 to C$11.50 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

CEU has been the topic of several other research reports. ATB Capital raised their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Scotiabank lifted their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Atb Cap Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Finally, Raymond James increased their price target on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$10.59.

CES Energy Solutions Price Performance

Shares of TSE:CEU opened at C$9.52 on Thursday. The firm’s 50 day moving average price is C$8.86 and its 200-day moving average price is C$8.00. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. The stock has a market capitalization of C$2.23 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a twelve month low of C$3.39 and a twelve month high of C$9.99.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 expect that CES Energy Solutions will post 0.8600646 EPS for the current year.

CES Energy Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given 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 dividend yield of 1.26%. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Director John Michael Hooks sold 4,382 shares of CES Energy Solutions 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 Anthony Michael Aulicino sold 20,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of C$9.85, for a total transaction of C$197,000.00. Insiders sold 492,732 shares of company stock worth $3,781,982 in the last quarter. 3.03% of the stock is owned by corporate 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.