Shares of CES Energy Solutions Corp (TSE:CEU) have received an average recommendation of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$5.83.
A number of analysts have recently commented on CEU shares. Canaccord Genuity reduced their price target on shares of CES Energy Solutions from C$4.75 to C$4.25 in a research note on Wednesday, March 20th. Clarus Securities reiterated a “buy” rating on shares of CES Energy Solutions in a research note on Wednesday, March 13th. Alliance Global Partners reduced their price target on shares of CES Energy Solutions from C$7.00 to C$5.00 in a research note on Thursday, March 14th. Cormark reduced their price target on shares of CES Energy Solutions from C$6.50 to C$4.50 in a research note on Thursday, March 14th. Finally, GMP Securities reduced their price target on shares of CES Energy Solutions from C$3.50 to C$3.00 in a research note on Thursday, March 14th.
In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger purchased 10,000 shares of CES Energy Solutions stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of C$2.89 per share, for a total transaction of C$28,900.00. Following the completion of the transaction, the insider now owns 1,328,872 shares of the company’s stock, valued at approximately C$3,840,440.08. Also, Director Thomas James Simons purchased 8,900 shares of CES Energy Solutions stock in a transaction that occurred on Thursday, April 4th. The stock was acquired at an average price of C$2.89 per share, for a total transaction of C$25,704.98. Following the transaction, the director now directly owns 2,322,742 shares of the company’s stock, valued at approximately C$6,708,543.44.
TSE:CEU remained flat at $C$2.37 on Monday. 324,608 shares of the company’s stock were exchanged, compared to its average volume of 558,159. The company has a market cap of $631.19 million and a price-to-earnings ratio of 13.94. The company has a debt-to-equity ratio of 70.06, a quick ratio of 2.16 and a current ratio of 3.91. CES Energy Solutions has a 1-year low of C$2.35 and a 1-year high of C$6.73.
CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Tuesday, March 12th. The company reported C$0.06 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.02. The firm had revenue of C$347.91 million for the quarter, compared to the consensus estimate of C$323.05 million. Sell-side analysts anticipate that CES Energy Solutions will post 0.210000005316456 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be issued a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, April 29th. CES Energy Solutions’s payout ratio is 27.94%.
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: Catch-Up Contributions
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.