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

CES Energy Solutions Corp. (TSE:CEU) has received an average rating of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, five have assigned 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$10.16.

CEU has been the topic of a number of research reports. Raymond James increased their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. ATB Capital raised their target price on shares of CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. BMO Capital Markets lifted their target price on CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Royal Bank of Canada increased their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Finally, Scotiabank boosted their price objective on CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$9.66 on Friday. The stock has a market capitalization of C$2.26 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a one year low of C$3.28 and a one year high of C$9.78. The company’s 50-day simple moving average is C$8.29 and its 200-day simple moving average is C$7.71. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18.

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

CES Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

Insiders Place Their Bets

In other news, 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 value of C$2,167,680.00. Also, Senior Officer Anthony Michael Aulicino sold 17,667 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$8.99, for a total value of C$158,826.33. In the last quarter, insiders sold 472,732 shares of company stock worth $3,584,982. 3.03% of the stock is owned by company insiders.

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.