CES Energy Solutions Corp. (TSE:CEU) Given Consensus Recommendation of “Buy” by Brokerages

CES Energy Solutions Corp. (TSE:CEU) has earned an average recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$7.94.

CEU has been the topic of several research analyst reports. TD Securities upped their price objective on shares of CES Energy Solutions from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. ATB Capital upped their price objective on shares of CES Energy Solutions from C$8.25 to C$8.50 and gave the stock an “outperform” rating in a research report on Friday, June 28th. Stifel Nicolaus upped their price objective on shares of CES Energy Solutions from C$7.50 to C$8.50 in a research report on Thursday, May 9th. Raymond James upped their target price on CES Energy Solutions from C$6.75 to C$8.50 in a research note on Friday, May 10th. Finally, Scotiabank upped their target price on CES Energy Solutions from C$5.85 to C$8.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th.

Insiders Place Their Bets

In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 15,557 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$7.10, for a total value of C$110,454.70. In related news, Senior Officer Kenneth Earl Zinger purchased 200,000 shares of CES Energy Solutions stock in a transaction dated Monday, June 17th. The stock was purchased at an average cost of C$7.03 per share, for a total transaction of C$1,405,600.00. Also, Senior Officer Matthew Stephen Bell sold 15,557 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of C$7.10, for a total value of C$110,454.70. Over the last 90 days, insiders sold 48,388 shares of company stock worth $307,121. 2.91% of the stock is owned by corporate insiders.

CES Energy Solutions Trading Down 2.7 %

Shares of CEU opened at C$7.49 on Wednesday. The business’s 50-day moving average price is C$6.68 and its 200-day moving average price is C$5.17. CES Energy Solutions has a twelve month low of C$2.52 and a twelve month high of C$7.73. The stock has a market cap of C$1.76 billion, a PE ratio of 10.55, a P/E/G ratio of 0.61 and a beta of 2.41. The company has a quick ratio of 1.78, a current ratio of 2.76 and a debt-to-equity ratio of 60.16.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities analysts forecast that CES Energy Solutions will post 0.7197861 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were issued a $0.40 dividend. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.60 dividend on an annualized basis and a yield of 21.36%. CES Energy Solutions’s dividend payout ratio is 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.