CES Energy Solutions (TSE:CEU) Hits New 52-Week High at $7.30

CES Energy Solutions Corp. (TSE:CEU) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$7.30 and last traded at C$7.28, with a volume of 162693 shares trading hands. The stock had previously closed at C$7.16.

Wall Street Analysts Forecast Growth

CEU has been the topic of a number of research analyst reports. National Bankshares increased their target price on CES Energy Solutions from C$6.50 to C$7.00 in a research note on Thursday, May 9th. Royal Bank of Canada increased their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research note on Friday, March 1st. Stifel Nicolaus increased their target price on CES Energy Solutions from C$7.50 to C$8.50 in a research note on Thursday, May 9th. BMO Capital Markets increased their target price on CES Energy Solutions from C$6.00 to C$8.00 in a research note on Tuesday, April 23rd. Finally, TD Securities raised their price objective on CES Energy Solutions from C$7.00 to C$9.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$7.94.

CES Energy Solutions Trading Up 4.1 %

The company has a quick ratio of 1.78, a current ratio of 2.76 and a debt-to-equity ratio of 60.16. The stock’s fifty day moving average price is C$6.59 and its two-hundred day moving average price is C$5.09. The company has a market capitalization of C$1.81 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.61 and a beta of 2.41.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.08. The company had revenue of C$588.58 million during the quarter, compared to analyst estimates of C$555.63 million. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%. Sell-side analysts anticipate that CES Energy Solutions Corp. will post 0.7197861 earnings per share for the current year.

CES Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.40 per share. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $1.60 dividend on an annualized basis and a dividend yield of 20.78%. The ex-dividend date was Tuesday, May 21st. CES Energy Solutions’s dividend payout ratio is currently 16.90%.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 8,131 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$6.92, for a total value of C$56,266.52. In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 8,131 shares of CES Energy Solutions stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$6.92, for a total transaction of C$56,266.52. Also, Senior Officer Kenneth Earl Zinger acquired 200,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were purchased at an average cost of C$7.03 per share, for a total transaction of C$1,405,600.00. Over the last ninety days, insiders sold 98,388 shares of company stock worth $573,621. Company insiders own 2.91% of the company’s stock.

About CES Energy Solutions

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.