CES Energy Solutions Corp. (TSE:CEU) Given Consensus Recommendation of “Buy” by Analysts

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned an average recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$9.81.

A number of research analysts recently issued reports on CEU shares. BMO Capital Markets boosted their price objective on CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Scotiabank boosted 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 boosted their price objective on CES Energy Solutions from C$9.00 to C$10.00 in a research note on Friday, August 9th. TD Securities boosted their price objective on CES Energy Solutions from C$9.00 to C$9.50 in a research note on Wednesday, July 17th. Finally, Raymond James upped their price target on CES Energy Solutions from C$8.50 to C$10.50 and gave the stock a “strong-buy” rating in a research note on Monday, August 12th.

Insider Activity

In other news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$7.55, for a total transaction of C$411,527.85. In other news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$7.55, for a total transaction of C$411,527.85. Also, Senior Officer Matthew Stephen Bell sold 26,146 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of C$7.54, for a total value of C$197,140.84. In the last ninety days, insiders sold 82,355 shares of company stock worth $621,434. 3.13% of the stock is currently owned by insiders.

CES Energy Solutions Price Performance

TSE CEU opened at C$7.62 on Monday. CES Energy Solutions has a 52 week low of C$3.28 and a 52 week high of C$8.35. The firm has a market capitalization of C$1.78 billion, a P/E ratio of 9.77, a PEG ratio of 0.61 and a beta of 2.33. 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 company has a 50-day moving average price of C$7.70 and a 200-day moving average price of C$6.71.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.05). The business 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%. Equities research analysts anticipate that CES Energy Solutions will post 0.8780774 earnings per share for the current year.

CES Energy Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.12 annualized dividend and a yield of 1.57%. 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.