Analysts Set CES Energy Solutions Corp. (TSE:CEU) PT at C$9.84

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$9.97.

A number of analysts have recently issued reports on the stock. Raymond James increased their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. ATB Capital increased their price objective on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday, August 9th. Scotiabank increased their price objective on shares of 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. BMO Capital Markets increased their price objective on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday.

Insider Buying and Selling

In related news, Director John Michael Hooks sold 300,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total transaction of C$547,350.72. Also, Director John Michael Hooks sold 300,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. Over the last quarter, insiders sold 400,478 shares of company stock worth $2,927,940. 3.03% of the stock is owned by insiders.

CES Energy Solutions Stock Up 10.0 %

Shares of CEU stock opened at C$9.34 on Tuesday. CES Energy Solutions has a 12 month low of C$3.28 and a 12 month high of C$9.43. The stock has a market cap of C$2.19 billion, a P/E ratio of 11.97, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. The company has a 50 day simple moving average of C$7.71 and a two-hundred day simple moving average of C$7.33.

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

CES Energy Solutions Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.28%. CES Energy Solutions’s dividend payout ratio is 15.38%.

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.