TSE:CEU FY2024 EPS Increased by National Bank Financial

CES Energy Solutions Corp. (TSE:CEU - Free Report) - Equities research analysts at National Bank Financial upped their FY2024 earnings per share estimates for shares of CES Energy Solutions in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst D. Payne now anticipates that the company will post earnings of $0.84 per share for the year, up from their previous forecast of $0.83. The consensus estimate for CES Energy Solutions' current full-year earnings is $0.86 per share.

CES Energy Solutions (TSE:CEU - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.05). The firm 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%.

Several other equities analysts also recently weighed in on CEU. BMO Capital Markets lifted their target price on CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Scotiabank lifted their price objective on CES Energy Solutions from C$8.50 to C$9.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Royal Bank of Canada lifted their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday. ATB Capital lifted their price objective on CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday, August 9th. Finally, TD Securities lifted their price objective on CES Energy Solutions from C$9.00 to C$9.50 in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CES Energy Solutions presently has a consensus rating of "Buy" and an average price target of C$9.97.

CES Energy Solutions Trading Down 3.4 %

TSE CEU traded down C$0.32 during trading on Friday, hitting C$9.02. The stock had a trading volume of 898,895 shares, compared to its average volume of 592,883. The company has a market capitalization of C$2.11 billion, a PE ratio of 11.97, a PEG ratio of 0.61 and a beta of 2.31. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. The firm has a 50 day moving average price of C$7.71 and a 200 day moving average price of C$7.33. CES Energy Solutions has a twelve month low of C$3.28 and a twelve month high of C$9.43.

Insider Buying and Selling

In related news, Director Michael Hallat sold 22,610 shares of the business'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 transaction of C$174,357.02. In other CES Energy Solutions news, Director John Michael Hooks sold 4,382 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 business's stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 worth $2,927,940 over the last 90 days. 3.03% of the stock is owned by insiders.

CES Energy Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.33%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions's payout ratio is 15.38%.

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.