CES Energy Solutions (TSE:CEU) Price Target Increased to C$9.25 by Analysts at National Bankshares

CES Energy Solutions (TSE:CEU) had its price objective lifted by National Bankshares from C$7.00 to C$9.25 in a research report released on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts also recently issued research reports about the company. BMO Capital Markets increased their price objective on CES Energy Solutions from C$9.00 to C$10.00 in a report on Tuesday, July 16th. TD Securities boosted their price objective on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research report on Wednesday, July 17th. Raymond James increased their target price on shares of CES Energy Solutions from C$6.75 to C$8.50 in a research report on Friday, May 10th. Scotiabank boosted their price target on shares of CES Energy Solutions from C$5.85 to C$8.50 and gave the company an outperform rating in a research report on Tuesday, May 14th. Finally, ATB Capital raised their price objective on CES Energy Solutions from C$8.25 to C$8.50 and gave the stock an outperform rating in a report on Friday, June 28th. One 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 data from MarketBeat.com, CES Energy Solutions has a consensus rating of Buy and an average target price of C$8.53.

CES Energy Solutions Stock Down 0.7 %

Shares of CES Energy Solutions stock opened at C$8.20 on Monday. CES Energy Solutions has a 52-week low of C$2.80 and a 52-week high of C$8.35. The company has a 50 day moving average of C$7.34 and a 200 day moving average of C$5.78. 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 company has a market capitalization of C$1.93 billion, a P/E ratio of 11.55, a P/E/G ratio of 0.61 and a beta of 2.41.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.08. The business had revenue of C$588.58 million during the quarter, compared to analysts’ expectations of C$555.63 million. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%. As a group, research analysts forecast that CES Energy Solutions will post 0.7197861 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were paid a dividend of $0.40 per share. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.60 annualized dividend and a dividend yield of 19.51%. CES Energy Solutions’s dividend payout ratio is 16.90%.

Insider Buying and Selling

In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 26,146 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of C$7.54, for a total transaction of C$197,140.84. In other CES Energy Solutions news, Senior Officer Matthew Stephen Bell sold 26,146 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of C$7.54, for a total value of C$197,140.84. Also, Senior Officer Kenneth Earl Zinger bought 200,000 shares of CES Energy Solutions stock in a transaction dated Monday, June 17th. The stock was purchased at an average price of C$7.03 per share, with a total value of C$1,405,600.00. Insiders have sold a total of 106,043 shares of company stock valued at $788,155 over the last quarter. 2.91% of the stock is currently owned by 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.