CES Energy Solutions (TSE:CEU) Downgraded to Hold Rating by Atb Cap Markets

Atb Cap Markets cut shares of CES Energy Solutions (TSE:CEU - Free Report) from a strong-buy rating to a hold rating in a research note published on Tuesday,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.

CEU has been the topic of a number of other reports. Scotiabank increased their price objective on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. ATB Capital increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday. Raymond James increased their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CES Energy Solutions currently has an average rating of "Moderate Buy" and an average price target of C$10.31.

CES Energy Solutions Stock Performance

CES Energy Solutions stock traded up C$0.02 during trading hours on Tuesday, reaching C$9.65. 266,915 shares of the stock were exchanged, compared to its average volume of 598,378. The stock has a market cap of C$2.26 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.61 and a beta of 2.31. 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$3.30 and a 52-week high of C$9.99. The firm's 50 day moving average is C$8.62 and its 200 day moving average is C$7.88.

CES Energy Solutions (TSE:CEU - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.14 by C$0.06. The business had revenue of C$606.52 million during the quarter, compared to the consensus estimate of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. Analysts predict that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.24%. CES Energy Solutions's payout ratio is currently 15.38%.

Insider Activity at CES Energy Solutions

In other news, Director John Michael Hooks sold 300,000 shares of CES Energy Solutions 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 transaction of C$2,167,680.00. Also, Senior Officer Anthony Michael Aulicino sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of C$9.85, for a total transaction of C$197,000.00. Over the last quarter, insiders have sold 492,732 shares of company stock worth $3,781,982. Company insiders own 3.03% of the company's stock.

CES Energy Solutions Company Profile

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.