CES Energy Solutions (TSE:CEU) Hits New 52-Week High – What’s Next?

CES Energy Solutions Corp. (TSE:CEU) hit a new 52-week high on Tuesday . The stock traded as high as C$9.78 and last traded at C$9.49, with a volume of 708161 shares trading hands. The stock had previously closed at C$9.77.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. BMO Capital Markets boosted their price objective on CES Energy Solutions from C$10.00 to C$12.00 in a report on Friday, August 9th. National Bankshares increased their price target on CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Royal Bank of Canada lifted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Scotiabank increased their target price on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Finally, Raymond James boosted their price target on shares of CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$10.16.

CES Energy Solutions Trading Down 2.9 %

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 firm has a market cap of C$2.22 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The firm’s 50-day simple moving average is C$8.06 and its 200 day simple moving average is C$7.61.

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

CES Energy Solutions Dividend Announcement

The company 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 $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

Insider Buying and Selling at CES Energy Solutions

In related news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was 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 firm’s 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 three months. 3.03% of the stock is currently owned by insiders.

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.