CES Energy Solutions (TSE:CEU) Rating Lowered to Hold at Atb Cap Markets

Atb Cap Markets cut shares of CES Energy Solutions (TSE:CEU) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks.com reports. Atb Cap Markets also issued estimates for CES Energy Solutions’ Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.82 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $0.89 EPS, Q1 2026 earnings at $0.24 EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.24 EPS and FY2026 earnings at $0.92 EPS.

Several other research firms also recently weighed in on CEU. ATB Capital boosted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday. Royal Bank of Canada upped their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Raymond James lifted their target price on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Finally, Scotiabank lifted their price objective on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CES Energy Solutions has a consensus rating of “Moderate Buy” and an average price target of C$10.31.

CES Energy Solutions Stock Performance

TSE:CEU opened at C$9.63 on Tuesday. The firm’s fifty day simple moving average is C$8.62 and its 200 day simple moving average is C$7.88. The firm has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a twelve month low of C$3.30 and a twelve month high of C$9.99. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The business had revenue of C$606.52 million during the quarter, compared to analyst estimates of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. As a group, equities research analysts expect that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Insider Activity

In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total transaction of C$174,357.02. Also, Director John Michael Hooks sold 300,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. Over the last 90 days, insiders have sold 492,732 shares of company stock valued at $3,781,982. Insiders own 3.03% of the company’s stock.

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.