CES Energy Solutions Corp. (TSE:CEU) Receives C$7.69 Average PT from Analysts

CES Energy Solutions Corp. (TSE:CEU) has been given an average rating of “Buy” by the seven ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$7.69.

Several research firms recently issued reports on CEU. National Bankshares lifted their price objective on CES Energy Solutions from C$6.50 to C$7.00 in a report on Thursday, May 9th. Stifel Nicolaus boosted their target price on CES Energy Solutions from C$7.50 to C$8.50 in a report on Thursday, May 9th. TD Securities boosted their target price on CES Energy Solutions from C$7.00 to C$9.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. ATB Capital boosted their target price on CES Energy Solutions from C$5.25 to C$6.50 in a report on Wednesday, April 3rd. Finally, BMO Capital Markets boosted their target price on CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday, April 23rd.

CES Energy Solutions Trading Down 2.2 %

CEU stock opened at C$6.99 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.78 and a debt-to-equity ratio of 60.16. CES Energy Solutions has a 12-month low of C$2.40 and a 12-month high of C$7.24. The stock has a market cap of C$1.64 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 0.61 and a beta of 2.41. The business’s 50-day moving average is C$6.28 and its 200 day moving average is C$4.83.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.08. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. The company had revenue of C$588.58 million for the quarter, compared to analysts’ expectations of C$555.63 million. On average, sell-side analysts anticipate that CES Energy Solutions will post 0.7197861 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 22.89%. The ex-dividend date is Tuesday, May 21st. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s payout ratio is presently 16.90%.

Insider Activity

In other news, Senior Officer Matthew Stephen Bell sold 15,557 shares of CES Energy Solutions stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$7.10, for a total transaction of C$110,454.70. In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 15,557 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$7.10, for a total value of C$110,454.70. Also, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$4.71, for a total value of C$708,060.28. In the last 90 days, insiders have sold 238,917 shares of company stock valued at $1,212,665. 2.91% of the stock is currently 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.