CES Energy Solutions (TSE:CEU) will release its earnings data after the market closes on Thursday, May 9th. Analysts expect CES Energy Solutions to post earnings of C$0.03 per share for the quarter.
CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Tuesday, March 12th. The company reported C$0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.04 by C$0.02. The business had revenue of C$347.91 million during the quarter, compared to analysts’ expectations of C$323.05 million.
TSE CEU opened at C$2.37 on Tuesday. CES Energy Solutions has a one year low of C$2.35 and a one year high of C$6.73. The company has a debt-to-equity ratio of 70.06, a quick ratio of 2.16 and a current ratio of 3.91. The company has a market capitalization of $631.19 million and a P/E ratio of 13.94.
The firm also recently declared 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. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.06 annualized dividend and a yield of 2.53%. CES Energy Solutions’s payout ratio is 27.94%.
In other news, Senior Officer Kenneth Earl Zinger acquired 10,000 shares of the stock in a transaction on Friday, March 15th. The stock was bought at an average price of C$2.89 per share, with a total value of C$28,900.00. Following the completion of the transaction, the insider now directly owns 1,328,872 shares of the company’s stock, valued at C$3,840,440.08. Also, Director John Michael Hooks sold 8,785 shares of the stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of C$2.85, for a total transaction of C$25,031.10. Following the completion of the sale, the director now directly owns 1,463,725 shares of the company’s stock, valued at approximately C$4,170,591.64.
Several research firms recently commented on CEU. Canaccord Genuity cut their price target on shares of CES Energy Solutions from C$4.75 to C$4.25 in a report on Wednesday, March 20th. Clarus Securities restated a “buy” rating on shares of CES Energy Solutions in a report on Wednesday, March 13th. Alliance Global Partners lowered their price objective on shares of CES Energy Solutions from C$7.00 to C$5.00 in a research report on Thursday, March 14th. Cormark lowered their price objective on shares of CES Energy Solutions from C$6.50 to C$4.50 in a research report on Thursday, March 14th. Finally, GMP Securities lowered their price objective on shares of CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday, March 14th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$5.83.
CES Energy Solutions Company Profile
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.
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