Brokerages Set CES Energy Solutions Corp. (TSE:CEU) PT at C$9.84

Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) have earned an average recommendation of "Buy" from the seven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$9.84.

CEU has been the topic of several recent analyst reports. National Bankshares upped their price target on CES Energy Solutions from C$7.00 to C$9.25 and gave the company a "sector perform" rating in a research report on Monday, July 29th. Scotiabank boosted their price objective on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. ATB Capital increased their price objective on CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. Raymond James boosted their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets raised 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.

Insider Activity

In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total transaction of C$174,357.02. In other news, Director John Michael Hooks sold 4,382 shares of the business'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$32,952.64. Also, Director Michael Hallat sold 22,610 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total value of C$174,357.02. Insiders sold a total of 400,478 shares of company stock valued at $2,927,940 over the last three months. Corporate insiders own 3.03% of the company's stock.

CES Energy Solutions Stock Up 0.2 %

TSE CEU traded up C$0.02 during trading hours on Tuesday, reaching C$8.17. 898,575 shares of the company traded hands, compared to its average volume of 582,666. The stock has a market capitalization of C$1.91 billion, a PE ratio of 10.47, a PEG ratio of 0.61 and a beta of 2.31. The company has a 50 day moving average of C$7.67 and a two-hundred day moving average of C$7.28. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. CES Energy Solutions has a 12 month low of C$3.28 and a 12 month high of C$8.39.

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

CES Energy Solutions Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.12 annualized dividend and a yield of 1.47%. CES Energy Solutions's dividend payout ratio (DPR) is currently 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.