CES Energy Solutions Corp. (TSE:CEU) Receives C$10.59 Consensus Price Target from Brokerages

CES Energy Solutions Corp. (TSE:CEU) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$10.59.

A number of research firms have issued reports on CEU. Royal Bank of Canada raised their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Scotiabank lifted their price objective on CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Atb Cap Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. ATB Capital increased their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Finally, National Bankshares upped their price target on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research note on Thursday, December 19th.

CES Energy Solutions Stock Down 0.4 %

CEU stock opened at C$9.70 on Wednesday. CES Energy Solutions has a 1-year low of C$3.39 and a 1-year high of C$9.99. The stock has a market cap of C$2.27 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.61 and a beta of 2.31. The stock’s fifty day simple moving average is C$9.01 and its two-hundred day simple moving average is C$8.09. 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 issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The company had revenue of C$606.52 million for the quarter, compared to the consensus estimate of C$582.25 million. Analysts expect that CES Energy Solutions will post 0.8600646 EPS for the current year.

CES Energy Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued 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 payout ratio is 15.38%.

Insider Activity

In other news, Senior Officer James Farnsworth Strickland sold 54,587 shares of CES Energy Solutions stock in a transaction on Monday, November 11th. The shares were 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 20,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of C$9.85, for a total value of C$197,000.00. Insiders sold 192,732 shares of company stock worth $1,614,302 in the last three months. Corporate insiders own 3.03% 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.