CES Energy Solutions (TSE:CEU) Cut to “Hold” at Atb Cap Markets

Atb Cap Markets lowered shares of CES Energy Solutions (TSE:CEU) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,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 have also commented on CEU. Raymond James boosted their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. ATB Capital lifted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday. Scotiabank upped their target price on CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Finally, Royal Bank of Canada lifted their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$10.31.

CES Energy Solutions Stock Up 0.1 %

TSE CEU opened at C$9.64 on Tuesday. The company has a market cap of C$2.26 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 1-year low of C$3.30 and a 1-year 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. The company has a 50 day moving average of C$8.66 and a 200-day moving average of C$7.90.

CES Energy Solutions (TSE:CEU) last released its 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. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The firm had revenue of C$606.52 million during the quarter, compared to the consensus estimate of C$582.25 million. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s payout ratio is 15.38%.

Insider Activity

In other CES Energy Solutions news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$9.13, for a total transaction of C$498,215.55. Also, Senior Officer Anthony Michael Aulicino sold 17,667 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$8.99, for a total value of C$158,826.33. Over the last three months, insiders have sold 492,732 shares of company stock valued at $3,781,982. 3.03% of the stock is currently owned by corporate 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.