CES Energy Solutions Corp. (TSE:CEU) Receives Consensus Rating of “Buy” from Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU) have received an average recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$9.84.

Several equities research analysts have commented on CEU shares. BMO Capital Markets boosted their price target on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. National Bankshares lifted 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. Scotiabank lifted their price target on CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada lifted their price target on CES Energy Solutions from C$9.00 to C$10.00 in a research note on Friday, August 9th. Finally, ATB Capital lifted their price target on CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday, August 9th.

Insider Buying and Selling at CES Energy Solutions

In other news, Director Michael Hallat sold 22,610 shares of CES Energy Solutions stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total transaction of C$174,357.02. In other news, Director Michael Hallat sold 22,610 shares of CES Energy Solutions stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total transaction of C$174,357.02. Also, Director John Michael Hooks sold 4,382 shares of CES Energy Solutions stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$32,952.64. Insiders have sold a total of 400,478 shares of company stock valued at $2,927,940 in the last 90 days. 3.03% of the stock is currently owned by corporate insiders.

CES Energy Solutions Price Performance

Shares of TSE CEU opened at C$8.15 on Tuesday. CES Energy Solutions has a fifty-two week low of C$3.28 and a fifty-two week high of C$8.35. The firm’s 50-day simple moving average is C$7.66 and its 200 day simple moving average is C$7.26. 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 cap of C$1.91 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.61 and a beta of 2.31.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.05). CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The business had revenue of C$553.20 million during the quarter, compared to the consensus estimate of C$544.70 million. Equities analysts expect that CES Energy Solutions will post 0.8600646 EPS for the current year.

CES Energy Solutions Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.12 annualized dividend and a yield of 1.47%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 15.38%.

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.