CES Energy Solutions (TSE:CEU) Price Target Increased to C$8.00 by Analysts at BMO Capital Markets

CES Energy Solutions (TSE:CEU) had its price target hoisted by BMO Capital Markets from C$6.00 to C$8.00 in a report issued on Tuesday morning, BayStreet.CA reports.

CEU has been the topic of several other reports. TD Securities boosted their target price on shares of CES Energy Solutions from C$6.00 to C$7.00 in a research note on Thursday, April 18th. Scotiabank increased their price objective on CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. Royal Bank of Canada lifted their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an outperform rating in a research note on Friday, March 1st. Stifel Nicolaus increased their price target on shares of CES Energy Solutions from C$5.50 to C$7.50 in a research report on Wednesday, April 3rd. Finally, ATB Capital boosted their price objective on shares of CES Energy Solutions from C$5.25 to C$6.50 in a research report on Wednesday, April 3rd. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CES Energy Solutions currently has a consensus rating of Buy and an average price target of C$6.48.

CES Energy Solutions Price Performance

Shares of CES Energy Solutions stock opened at C$5.43 on Tuesday. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 70.47. CES Energy Solutions has a 52 week low of C$2.30 and a 52 week high of C$5.80. The stock has a market cap of C$1.28 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46. The company’s 50-day moving average price is C$4.82 and its two-hundred day moving average price is C$4.06.

CES Energy Solutions (TSE:CEU) last released its earnings results 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. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The business had revenue of C$553.46 million for the quarter, compared to the consensus estimate of C$538.23 million. As a group, sell-side analysts anticipate that CES Energy Solutions will post 0.6553738 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were paid a dividend of $0.03 per share. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.12 annualized dividend and a yield of 2.21%. CES Energy Solutions’s dividend payout ratio is presently 19.67%.

Insiders Place Their Bets

In other news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the firm’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 company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total transaction of C$212,850.00. Also, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the stock in a transaction dated 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 have sold a total of 498,360 shares of company stock valued at $2,417,920 in the last three months. 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.