CES Energy Solutions (TSE:CEU) Price Target Raised to C$7.00 at TD Securities

CES Energy Solutions (TSE:CEU) had its target price increased by TD Securities from C$6.00 to C$7.00 in a report published on Thursday morning, BayStreet.CA reports.

Several other analysts have also weighed in on CEU. Raymond James raised their price objective on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a strong-buy rating in a report on Monday, March 4th. BMO Capital Markets raised their price target on shares of CES Energy Solutions from C$5.50 to C$6.00 in a report on Thursday, March 28th. Scotiabank raised their price target on shares of CES Energy Solutions from C$5.30 to C$5.85 in a report on Monday, March 4th. Stifel Nicolaus raised their price target on shares of CES Energy Solutions from C$5.50 to C$7.50 in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada raised their price target on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company an outperform rating in a report on Friday, March 1st. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of C$6.23.

CES Energy Solutions Stock Down 0.9 %

Shares of CEU opened at C$5.34 on Thursday. The stock has a market cap of C$1.26 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 0.61 and a beta of 2.46. The company has a quick ratio of 1.78, a current ratio of 2.95 and a debt-to-equity ratio of 70.47. CES Energy Solutions has a 12 month low of C$2.30 and a 12 month high of C$5.80. The company has a 50-day moving average price of C$4.77 and a two-hundred day moving average price of C$4.03.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.06. The company had revenue of C$553.46 million during the quarter, compared to analyst estimates of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. Equities analysts predict that CES Energy Solutions will post 0.6553738 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, March 27th. CES Energy Solutions’s dividend payout ratio (DPR) is currently 19.67%.

Insider Activity

In other news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. In other news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. Also, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$4.71, for a total transaction of C$708,060.28. Insiders sold 498,360 shares of company stock valued at $2,417,920 in the last quarter. Company insiders own 2.35% of the company’s stock.

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.