CES Energy Solutions (TSE:CEU) PT Raised to C$10.75 at Raymond James

CES Energy Solutions (TSE:CEU) had its target price increased by Raymond James from C$10.50 to C$10.75 in a report released on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for CES Energy Solutions’ FY2024 earnings at $0.85 EPS, FY2025 earnings at $0.90 EPS and FY2026 earnings at $1.01 EPS.

Several other brokerages have also recently issued reports on CEU. National Bankshares lifted their target price 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. Royal Bank of Canada lifted their target price on CES Energy Solutions from C$9.00 to C$10.00 in a research report on Friday, August 9th. BMO Capital Markets lifted their price target on CES Energy Solutions from C$10.00 to C$12.00 in a report on Friday, August 9th. TD Securities lifted their price target on CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. Finally, Scotiabank raised their target price on CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$9.84.

CES Energy Solutions Trading Down 1.4 %

Shares of CES Energy Solutions stock opened at C$7.68 on Tuesday. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. CES Energy Solutions has a 52 week low of C$3.28 and a 52 week high of C$8.35. The stock has a 50 day moving average price of C$7.66 and a two-hundred day moving average price of C$7.08. The stock has a market capitalization of C$1.80 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.05). The company had revenue of C$553.20 million for the quarter, compared to analysts’ expectations of C$544.70 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. As a group, equities analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Friday, September 27th. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

Insider Transactions at CES Energy Solutions

In other 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 value of C$174,357.02. In other news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$547,350.72. Also, Director Michael Hallat sold 22,610 shares of the company’s stock in a transaction dated 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 400,478 shares of company stock valued at $2,927,940 over the last three months. Company insiders own 3.03% of the company’s stock.

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.