CES Energy Solutions (TSE:CEU) Price Target Raised to C$10.50

CES Energy Solutions (TSE:CEU) had its price objective hoisted by Scotiabank from C$9.00 to C$10.50 in a research note published on Monday,BayStreet.CA reports.

Several other brokerages have also recently weighed in on CEU. National Bankshares raised their price objective on CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a report on Monday, July 29th. Raymond James lifted their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. BMO Capital Markets increased their price target on shares of CES Energy Solutions from C$10.00 to C$12.00 in a report on Friday, August 9th. ATB Capital raised their price objective on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. Finally, TD Securities upped their target price on CES Energy Solutions from C$9.00 to C$9.50 in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$10.16.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$9.19 on Monday. 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 has a 52 week low of C$3.28 and a 52 week high of C$9.43. The company’s 50 day moving average price is C$7.75 and its two-hundred day moving average price is C$7.38. The company has a market capitalization of C$2.15 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, beating the consensus estimate 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 business had revenue of C$606.52 million for the quarter, compared to analysts’ expectations of C$582.25 million. On average, analysts expect 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 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.31%. CES Energy Solutions’s payout ratio is 15.38%.

Insider Transactions at CES Energy Solutions

In related news, Director Michael Hallat sold 22,610 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total value of C$174,357.02. In other news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total transaction of C$547,350.72. Also, Director Michael Hallat sold 22,610 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total value of C$174,357.02. In the last quarter, insiders sold 400,478 shares of company stock valued at $2,927,940. 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.