CES Energy Solutions (TSE:CEU) Price Target Increased to C$8.50 by Analysts at ATB Capital

CES Energy Solutions (TSE:CEU) had its target price upped by ATB Capital from C$8.25 to C$8.50 in a report issued on Friday, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

CEU has been the topic of a number of other research reports. National Bankshares raised their price objective on CES Energy Solutions from C$6.50 to C$7.00 in a report on Thursday, May 9th. BMO Capital Markets raised their price objective on CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday, April 23rd. Royal Bank of Canada raised their price objective on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an outperform rating in a report on Friday, March 1st. Scotiabank raised their price objective on CES Energy Solutions from C$5.85 to C$8.50 and gave the company an outperform rating in a report on Tuesday, May 14th. Finally, Stifel Nicolaus lifted their price target on CES Energy Solutions from C$7.50 to C$8.50 in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Buy and a consensus price target of C$7.94.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$7.70 on Friday. The company’s fifty day moving average price is C$6.64 and its 200 day moving average price is C$5.14. CES Energy Solutions has a 1 year low of C$2.47 and a 1 year high of C$7.73. The stock has a market capitalization of C$1.81 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.61 and a beta of 2.41. The company has a debt-to-equity ratio of 60.16, a quick ratio of 1.78 and a current ratio of 2.76.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.08. The company had revenue of C$588.58 million for the quarter, compared to analyst estimates of C$555.63 million. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. As a group, equities research analysts anticipate that CES Energy Solutions will post 0.7197861 earnings per share for the current fiscal year.

CES Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 20.78%. The ex-dividend date of this dividend was 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 currently 16.90%.

Insider Transactions at CES Energy Solutions

In related news, Senior Officer Matthew Stephen Bell sold 8,131 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$6.92, for a total value of C$56,266.52. In related news, Director Kyle Kitagawa sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$5.33, for a total value of C$266,500.00. Also, Senior Officer Matthew Stephen Bell sold 8,131 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$6.92, for a total transaction of C$56,266.52. Insiders have sold a total of 98,388 shares of company stock worth $573,621 in the last quarter. Company insiders own 2.91% 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.