CES Energy Solutions Corp. (TSE:CEU) Receives C$10.59 Average Price Target from Analysts

CES Energy Solutions Corp. (TSE:CEU) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$10.59.

CEU has been the topic of a number of recent analyst reports. Raymond James upped their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Scotiabank upped their price target on CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Atb Cap Markets cut CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. ATB Capital upped their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Finally, National Bankshares upped their price target on CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th.

Insider Transactions at CES Energy Solutions

In related news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$9.13, for a total value of C$498,215.55. Also, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$547,890.00. Over the last 90 days, insiders have sold 151,347 shares of company stock valued at $1,444,972. 3.03% of the stock is currently owned by company insiders.

CES Energy Solutions Trading Down 2.9 %

CEU opened at C$8.96 on Friday. CES Energy Solutions has a one year low of C$3.74 and a one year high of C$10.20. The stock has a market capitalization of C$2.10 billion, a PE ratio of 11.49, a P/E/G ratio of 0.61 and a beta of 2.31. The business’s 50 day moving average price is C$9.56 and its 200 day moving average price is C$8.39. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 EPS 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 firm had revenue of C$606.52 million for the quarter, compared to analysts’ expectations of C$582.25 million. As a group, equities research analysts expect that CES Energy Solutions will post 0.8600646 EPS for the current year.

CES Energy Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was 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.