Shares of CES Energy Solutions Corp. (TSE:CEU - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.15 and traded as high as C$7.80. CES Energy Solutions shares last traded at C$7.74, with a volume of 594,440 shares traded.
Analysts Set New Price Targets
CEU has been the topic of a number of recent analyst reports. TD Securities boosted their price target on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research note on Wednesday, July 17th. Raymond James increased their target price on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Royal Bank of Canada raised their price target on CES Energy Solutions from C$9.00 to C$10.00 in a report on Friday, August 9th. ATB Capital upped their price objective on CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. Finally, Scotiabank raised 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. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CES Energy Solutions presently has an average rating of "Buy" and an average target price of C$9.84.
Read Our Latest Analysis on CES Energy Solutions
CES Energy Solutions Price Performance
The company has a market cap of C$1.84 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company has a fifty day simple moving average of C$7.65 and a two-hundred day simple moving average of C$7.15. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40.
CES Energy Solutions (TSE:CEU - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing analysts' consensus estimates of C$0.25 by C($0.05). The business had revenue of C$553.20 million during the quarter, compared to analyst estimates of C$544.70 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. On average, equities research analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 earnings per share for the current fiscal year.
CES Energy Solutions Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given 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 dividend yield of 1.53%. CES Energy Solutions's dividend payout ratio is currently 15.38%.
Insider Activity at CES Energy Solutions
In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total transaction of C$174,357.02. In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of the company'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, Director John Michael Hooks sold 4,382 shares of CES Energy Solutions stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total transaction of C$32,952.64. In the last 90 days, insiders have sold 400,478 shares of company stock valued at $2,927,940. 3.03% of the stock is owned by corporate insiders.
About CES Energy Solutions
(
Get Free Report)
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.
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