CES Energy Solutions Corp (TSE:CEU) has earned a consensus rating of “Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$7.81.
Several equities analysts have weighed in on the company. Canaccord Genuity cut their price target on CES Energy Solutions from C$7.00 to C$5.50 in a report on Tuesday, October 16th. BMO Capital Markets cut their price target on CES Energy Solutions from C$9.00 to C$8.00 in a report on Monday, August 13th. National Bank Financial cut their price target on CES Energy Solutions from C$8.20 to C$7.00 and set an “outperform” rating for the company in a report on Friday, August 10th. Finally, Raymond James cut their price target on CES Energy Solutions from C$7.50 to C$7.00 and set a “strong-buy” rating for the company in a report on Monday, September 24th.
CEU traded down C$0.04 on Monday, hitting C$3.37. 1,638,400 shares of the company’s stock traded hands, compared to its average volume of 727,321. CES Energy Solutions has a one year low of C$3.13 and a one year high of C$7.05. The company has a debt-to-equity ratio of 61.84, a current ratio of 3.50 and a quick ratio of 1.81.
CES Energy Solutions (TSE:CEU) last issued its earnings results on Thursday, August 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.02 by C$0.03. The business had revenue of C$284.32 million for the quarter, compared to the consensus estimate of C$269.18 million. As a group, sell-side analysts anticipate that CES Energy Solutions will post 0.269189196464573 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 15th will be issued a dividend of $0.005 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, October 30th. CES Energy Solutions’s payout ratio is currently 18.06%.
In other CES Energy Solutions news, insider Jason Douglas Waugh sold 26,000 shares of CES Energy Solutions stock in a transaction on Monday, October 15th. The stock was sold at an average price of C$3.92, for a total transaction of C$101,920.00. Also, insider Craig Frederick Nieboer sold 50,000 shares of CES Energy Solutions stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of C$4.47, for a total value of C$223,500.00. In the last 90 days, insiders have sold 125,651 shares of company stock valued at $540,613.
About CES Energy Solutions
CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.
Recommended Story: Penny Stocks, Risk and Reward Factors
Receive News & Ratings for CES Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CES Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.