Brokerages 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 brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$10.16.

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

Insider Buying and Selling at CES Energy Solutions

In other news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the company’s stock in a transaction that occurred 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 4,382 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$32,952.64. Over the last quarter, insiders sold 472,732 shares of company stock worth $3,584,982. 3.03% of the stock is owned by insiders.

CES Energy Solutions Trading Up 1.3 %

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

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, beating analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The company had revenue of C$606.52 million for the quarter, compared to analyst estimates of C$582.25 million. Research analysts expect that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 1.23%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio is currently 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.