CES Energy Solutions Corp. (TSE:CEU) Receives C$8.25 Consensus Target Price from Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU) have received a consensus rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$8.53.

A number of equities analysts have recently weighed in on the company. Raymond James increased their price target on CES Energy Solutions from C$6.75 to C$8.50 in a report on Friday, May 10th. Scotiabank boosted their price target on shares of CES Energy Solutions from C$5.85 to C$8.50 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. TD Securities increased their price objective on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research report on Wednesday, July 17th. National Bankshares upped their price target on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus lifted their price objective on CES Energy Solutions from C$7.50 to C$8.50 in a research note on Thursday, May 9th.

Insider Buying and Selling at CES Energy Solutions

In other news, Senior Officer Matthew Stephen Bell sold 15,557 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$7.10, for a total transaction of C$110,454.70. In related news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the business’s stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$7.55, for a total transaction of C$411,527.85. Also, Senior Officer Matthew Stephen Bell sold 15,557 shares of the 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. Insiders have sold 106,043 shares of company stock valued at $788,155 in the last quarter. Corporate insiders own 2.91% of the company’s stock.

CES Energy Solutions Price Performance

Shares of CEU stock opened at C$7.77 on Friday. The company has a debt-to-equity ratio of 60.16, a current ratio of 2.76 and a quick ratio of 1.78. The company has a market capitalization of C$1.83 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 0.61 and a beta of 2.41. The firm’s 50-day moving average is C$7.39 and its two-hundred day moving average is C$5.83. CES Energy Solutions has a 12 month low of C$2.83 and a 12 month high of C$8.35.

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

CES Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 20.59%. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, May 21st. CES Energy Solutions’s payout ratio is presently 16.90%.

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.