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

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$10.59.

A number of research analysts have issued reports on CEU shares. National Bankshares upped their price objective on 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. Royal Bank of Canada raised their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Atb Cap Markets downgraded shares of CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Raymond James lifted their target price on CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Finally, ATB Capital raised 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.

Insiders Place Their Bets

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 20,000 shares of the 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 value of C$197,000.00. Also, Director John Michael Hooks sold 300,000 shares of CES Energy Solutions stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$7.23, for a total value of C$2,167,680.00. Insiders have sold 492,732 shares of company stock valued at $3,781,982 in the last ninety days. Company insiders own 3.03% of the company's stock.

CES Energy Solutions Stock Up 0.9 %

CEU traded up C$0.09 during mid-day trading on Wednesday, reaching C$9.74. 276,516 shares of the stock were exchanged, compared to its average volume of 599,513. The company has a 50 day moving average price of C$8.93 and a two-hundred day moving average price of C$8.05. The stock has a market capitalization of C$2.28 billion, a PE ratio of 12.49, a price-to-earnings-growth 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 1 year low of C$3.39 and a 1 year high of C$9.99.

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

CES Energy Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions's dividend payout ratio is presently 15.38%.

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.