CES Energy Solutions Corp. (TSE:CEU) Given Consensus Rating of “Moderate Buy” by Brokerages

CES Energy Solutions Corp. (TSE:CEU) has received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$10.59.

CEU has been the topic of several recent analyst reports. National Bankshares increased their price target on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. Raymond James lifted their price target on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. ATB Capital upped their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Finally, Atb Cap Markets cut CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Insider Transactions at CES Energy Solutions

In other news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$9.13, for a total transaction of C$498,215.55. Also, Director Stella Cosby sold 4,304 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00. Insiders sold 151,347 shares of company stock worth $1,444,972 over the last 90 days. 3.03% of the stock is currently owned by insiders.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$9.10 on Friday. The stock has a market cap of C$2.13 billion, a P/E ratio of 11.67, 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$9.57 and a 200-day simple moving average of C$8.43. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. CES Energy Solutions has a 12-month low of C$3.80 and a 12-month high of C$10.20.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The company had revenue of C$606.52 million during the quarter, compared to the consensus estimate of C$582.25 million. Equities analysts expect that CES Energy Solutions will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.03 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.32%. CES Energy Solutions’s dividend payout ratio (DPR) is currently 15.38%.

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.