CES Energy Solutions (TSE:CEU) Price Target Raised to C$10.75

CES Energy Solutions (TSE:CEU - Free Report) had its price objective upped by Raymond James from C$10.50 to C$10.75 in a report published on Tuesday morning, BayStreet.CA reports.

CEU has been the subject of several other research reports. National Bankshares lifted their price target on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a sector perform rating in a research note on Monday, July 29th. ATB Capital increased their price target on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. BMO Capital Markets lifted their price objective on CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Scotiabank increased their target price on CES Energy Solutions from C$8.50 to C$9.00 and gave the company an outperform rating in a report on Monday, August 12th. Finally, TD Securities boosted their price target on CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CES Energy Solutions has an average rating of Buy and an average price target of C$9.84.

CES Energy Solutions Price Performance

CEU stock traded down C$0.26 during trading on Tuesday, reaching C$7.73. 802,538 shares of the company were exchanged, compared to its average volume of 578,927. CES Energy Solutions has a 52-week low of C$3.28 and a 52-week high of C$8.35. 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 company has a market cap of C$1.81 billion, a P/E ratio of 9.91, a PEG ratio of 0.61 and a beta of 2.31. The stock's 50 day moving average price is C$7.64 and its 200 day moving average price is C$7.02.

CES Energy Solutions (TSE:CEU - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.05). CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The firm had revenue of C$553.20 million for the quarter, compared to analysts' expectations of C$544.70 million. As a group, analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, September 27th. CES Energy Solutions's payout ratio is 15.38%.

Insider Activity

In related news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$547,350.72. In related news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$547,350.72. Also, Director John Michael Hooks sold 4,382 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$32,952.64. Insiders sold a total of 377,868 shares of company stock valued at $2,753,583 in the last 90 days. 3.03% of the stock is currently 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.