CES Energy Solutions (TSE:CEU) Hits New 52-Week High - Still a Buy?

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as C$10.06 and last traded at C$10.00, with a volume of 160024 shares trading hands. The stock had previously closed at C$9.92.

Analysts Set New Price Targets

A number of research firms have recently commented on CEU. Raymond James increased 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. Scotiabank lifted their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th. 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 report on Thursday, November 7th. Finally, ATB Capital lifted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Tuesday, December 10th. Two equities research 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$10.59.

CES Energy Solutions Price Performance

The business has a fifty day moving average of C$9.19 and a 200 day moving average of C$8.17. The company has a debt-to-equity ratio of 51.40, a current ratio of 3.18 and a quick ratio of 1.78. The stock has a market cap of C$2.34 billion, a PE ratio of 12.82, a P/E/G ratio of 0.61 and a beta of 2.31.

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 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 business had revenue of C$606.52 million during the quarter, compared to the consensus estimate of C$582.25 million. Sell-side analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.20%. CES Energy Solutions's dividend payout ratio (DPR) is 15.38%.

Insider Buying and Selling

In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total value of C$174,357.02. Also, Senior Officer James Farnsworth Strickland sold 54,587 shares of CES Energy Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$9.13, for a total value of C$498,215.55. Insiders have sold 115,564 shares of company stock worth $1,033,999 over the last ninety days. 3.03% of the stock is owned by insiders.

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.