CES Energy Solutions Corp. (TSE:CEU) Receives C$10.16 Average Target Price from Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) have received a consensus recommendation of "Buy" from the seven research firms that are covering the stock, MarketBeat.com reports. One research 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. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$10.16.

A number of brokerages recently issued reports on CEU. Scotiabank lifted their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Raymond James lifted their price target on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. BMO Capital Markets lifted their price target on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Royal Bank of Canada lifted their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Finally, ATB Capital lifted their price target on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday, August 9th.

CES Energy Solutions Trading Up 0.4 %

Shares of CEU stock opened at C$9.66 on Friday. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. The stock has a market capitalization of C$2.26 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company has a 50 day moving average price of C$8.29 and a 200 day moving average price of C$7.71. CES Energy Solutions has a fifty-two week low of C$3.28 and a fifty-two week high of C$9.78.

CES Energy Solutions (TSE:CEU - Get Free Report) last announced 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 net margin of 8.53% and a return on equity of 27.17%. The firm had revenue of C$606.52 million during the quarter, compared to analysts' expectations of C$582.25 million. Equities research 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 given 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 dividend payout ratio is presently 15.38%.

Insider Activity at CES Energy Solutions

In related news, Director John Michael Hooks sold 300,000 shares of the company's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total value of C$2,167,680.00. Also, Director Michael Hallat sold 22,610 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total transaction of C$174,357.02. Insiders sold a total of 472,732 shares of company stock worth $3,584,982 in the last 90 days. 3.03% of the stock is owned by insiders.

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.