CES Energy Solutions Corp. (TSE:CEU) Receives C$5.43 Consensus Target Price from Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$5.70.

A number of research firms recently commented on CEU. Scotiabank increased their target price on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research report on Monday, March 4th. TD Securities upped their target price on CES Energy Solutions from C$5.00 to C$6.00 and gave the company a “buy” rating in a research report on Friday, March 1st. ATB Capital increased their price target on CES Energy Solutions from C$5.00 to C$5.25 and gave the company an “outperform” rating in a research note on Friday, March 1st. Stifel Nicolaus boosted their price target on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets upped their price objective on shares of CES Energy Solutions from C$5.50 to C$6.00 in a report on Thursday.

Insider Buying and Selling

In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of CES Energy Solutions stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total transaction of C$212,850.00. In other news, Director John Michael Hooks sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$4.76, for a total value of C$475,610.00. Also, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$4.73, for a total value of C$212,850.00. In the last quarter, insiders have sold 425,360 shares of company stock worth $2,023,770. 2.45% of the stock is owned by company insiders.

CES Energy Solutions Trading Up 0.9 %

TSE:CEU opened at C$4.71 on Monday. The firm has a market cap of C$1.10 billion, a P/E ratio of 7.72, a P/E/G ratio of 0.61 and a beta of 2.43. The firm has a 50-day simple moving average of C$4.36 and a 200-day simple moving average of C$3.88. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95. CES Energy Solutions has a one year low of C$2.30 and a one year high of C$4.88.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. The business had revenue of C$553.46 million for the quarter, compared to analysts’ expectations of C$538.23 million. Equities analysts anticipate that CES Energy Solutions will post 0.654979 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a yield of 2.55%. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s dividend payout ratio is currently 19.67%.

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.