CES Energy Solutions Corp. (TSE:CEU) Receives Average Recommendation of “Buy” from Analysts

CES Energy Solutions Corp. (TSE:CEU) has received an average rating of “Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$6.48.

CEU has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of CES Energy Solutions from C$5.50 to C$7.50 in a report on Wednesday, April 3rd. Raymond James boosted their target price on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the company a “strong-buy” rating in a report on Monday, March 4th. BMO Capital Markets boosted their target price on shares of CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday. Scotiabank boosted their target price on shares of CES Energy Solutions from C$5.30 to C$5.85 in a report on Monday, March 4th. Finally, Royal Bank of Canada boosted their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Friday, March 1st.

Insider Transactions at CES Energy Solutions

In other news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$5.55, for a total transaction of C$127,650.00. In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of CES Energy Solutions 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. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of C$5.55, for a total value of C$127,650.00. Over the last ninety days, insiders sold 498,360 shares of company stock worth $2,417,920. 2.35% of the stock is currently owned by insiders.

CES Energy Solutions Stock Performance

CEU stock opened at C$5.43 on Friday. The company has a market capitalization of C$1.28 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46. CES Energy Solutions has a one year low of C$2.30 and a one year high of C$5.80. The company’s 50 day moving average price is C$4.82 and its two-hundred day moving average price is C$4.06. 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 (TSE:CEU) last issued its earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.06. The firm had revenue of C$553.46 million for the quarter, compared to analysts’ expectations of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. As a group, analysts predict that CES Energy Solutions will post 0.6553738 earnings per share for the current fiscal year.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.21%. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, March 27th. CES Energy Solutions’s dividend payout ratio (DPR) is 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.