CES Energy Solutions (CEU) to Release Earnings on Thursday

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.

WARNING: This article was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.thelincolnianonline.com/2019/05/07/ces-energy-solutions-ceu-to-release-earnings-on-thursday.html.

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.

Read More: Price to Earnings Ratio (PE) Basics

Earnings History for CES Energy Solutions (TSE:CEU)

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.