CES Energy Solutions (TSE:CEU) Reaches New 52-Week High – Time to Buy?

CES Energy Solutions Corp. (TSE:CEU)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$10.06 and last traded at C$10.00, with a volume of 160024 shares. The stock had previously closed at C$9.92.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CEU. ATB Capital increased their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Tuesday, December 10th. Royal Bank of Canada upped their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Raymond James lifted their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Atb Cap Markets downgraded CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Scotiabank lifted their price target on CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CES Energy Solutions has a consensus rating of “Moderate Buy” and a consensus target price of C$10.59.

CES Energy Solutions Stock Performance

The company has a market capitalization of C$2.34 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The firm has a fifty day simple moving average of C$9.28 and a 200 day simple moving average of C$8.20. 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 released its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The business had revenue of C$606.52 million for the quarter, compared to the consensus estimate of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. On average, analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.20%. CES Energy Solutions’s dividend payout ratio is presently 15.38%.

Insider Buying and Selling

In related news, Senior Officer Anthony Michael Aulicino sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of C$9.85, for a total value of C$197,000.00. Also, Director Michael Hallat sold 22,610 shares of CES Energy Solutions stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total value of C$174,357.02. Over the last 90 days, insiders have sold 115,564 shares of company stock worth $1,033,999. 3.03% of the stock is owned by corporate 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.