CES Energy Solutions (TSE:CEU) Price Target Increased to C$8.50 by Analysts at ATB Capital

CES Energy Solutions (TSE:CEU) had its target price upped by ATB Capital from C$8.25 to C$8.50 in a research note issued to investors on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. National Bankshares boosted their price target on CES Energy Solutions from C$6.50 to C$7.00 in a research note on Thursday, May 9th. BMO Capital Markets boosted their target price on shares of CES Energy Solutions from C$6.00 to C$8.00 in a research note on Tuesday, April 23rd. Royal Bank of Canada raised their price target on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an outperform rating in a research note on Friday, March 1st. Scotiabank increased their target price on CES Energy Solutions from C$5.85 to C$8.50 and gave the company an outperform rating in a report on Tuesday, May 14th. Finally, Stifel Nicolaus boosted their price target on CES Energy Solutions from C$7.50 to C$8.50 in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of C$7.94.

CES Energy Solutions Stock Performance

Shares of CES Energy Solutions stock opened at C$7.70 on Friday. The stock has a market cap of C$1.81 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.61 and a beta of 2.41. The company has a debt-to-equity ratio of 60.16, a current ratio of 2.76 and a quick ratio of 1.78. CES Energy Solutions has a 1 year low of C$2.47 and a 1 year high of C$7.73. The firm’s 50-day moving average is C$6.59 and its 200 day moving average is C$5.09.

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

CES Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 21st. This is an increase 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%. CES Energy Solutions’s payout ratio is 16.90%.

Insiders Place Their Bets

In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 8,131 shares of the company’s stock in a transaction that occurred on 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 news, Senior Officer Matthew Stephen Bell sold 8,131 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$6.92, for a total value of C$56,266.52. Also, Senior Officer Kenneth Earl Zinger acquired 200,000 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was acquired at an average cost of C$7.03 per share, with a total value of C$1,405,600.00. In the last 90 days, insiders have 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.