Analysts Set CES Energy Solutions Corp. (TSE:CEU) PT at C$10.16

CES Energy Solutions Corp. (TSE:CEU) has earned an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$10.16.

Several research firms have weighed in on CEU. Royal Bank of Canada upped their target price on CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Raymond James upped their target price on CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Scotiabank upped their target price on CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. ATB Capital upped their target price on CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. Finally, BMO Capital Markets upped their target price on CES Energy Solutions from C$10.00 to C$12.00 in a report on Friday, August 9th.

CES Energy Solutions Trading Up 1.3 %

Shares of CEU stock opened at C$9.79 on Friday. The business’s fifty day moving average price is C$8.33 and its 200 day moving average price is C$7.74. CES Energy Solutions has a 1-year low of C$3.28 and a 1-year high of C$9.80. The firm has a market capitalization of C$2.29 billion, a PE ratio of 12.55, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 51.40, a current ratio of 3.18 and a quick ratio of 1.78.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. The firm had revenue of C$606.52 million for the quarter, compared to analyst estimates of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. As a group, sell-side analysts forecast that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s payout ratio is currently 15.38%.

Insider Activity at CES Energy Solutions

In related news, Senior Officer Anthony Michael Aulicino sold 17,667 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$8.99, for a total transaction of C$158,826.33. Also, Director John Michael Hooks sold 300,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$7.23, for a total value of C$2,167,680.00. Insiders have sold a total of 472,732 shares of company stock valued at $3,584,982 over the last quarter. Insiders own 3.03% 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.