CES Energy Solutions Corp. (TSE:CEU) Given Average Rating of "Moderate Buy" by Brokerages

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two 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 company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$10.59.

CEU has been the subject of several analyst reports. National Bankshares boosted their target price 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. ATB Capital upped their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Raymond James raised their target price on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Atb Cap Markets cut CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada increased their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th.

Insider Transactions at CES Energy Solutions

In other news, Senior Officer Anthony Michael Aulicino sold 17,667 shares of the firm'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. Also, Director Stella Cosby sold 4,304 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00. Insiders have sold 151,347 shares of company stock valued at $1,444,972 over the last ninety days. Insiders own 3.03% of the company's stock.

CES Energy Solutions Stock Performance

Shares of CES Energy Solutions stock traded down C$0.02 during trading on Friday, hitting C$9.23. 627,451 shares of the company's stock were exchanged, compared to its average volume of 564,870. The stock has a market capitalization of C$2.16 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 0.61 and a beta of 2.31. The business has a 50-day simple moving average of C$9.56 and a 200-day simple moving average of C$8.38. CES Energy Solutions has a 52-week low of C$3.68 and a 52-week high of C$10.20. 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 (TSE:CEU - Get Free Report) last released its quarterly earnings data 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 business had revenue of C$606.52 million during the quarter, compared to analyst estimates of C$582.25 million. On average, research analysts forecast that CES Energy Solutions will post 0.8600646 EPS for the current year.

CES Energy Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.30%. CES Energy Solutions's payout ratio is currently 15.38%.

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.