CES Energy Solutions (TSE:CEU) Price Target Raised to C$11.00 at Royal Bank of Canada

CES Energy Solutions (TSE:CEU) had its price target increased by Royal Bank of Canada from C$10.00 to C$11.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

A number of other equities analysts have also recently commented on CEU. Raymond James boosted 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. National Bankshares lifted their price target on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. BMO Capital Markets boosted their price target on CES Energy Solutions from C$10.00 to C$12.00 in a report on Friday, August 9th. Scotiabank boosted their price target on CES Energy Solutions from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, TD Securities boosted their price objective on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$9.97.

CES Energy Solutions Trading Down 3.0 %

CES Energy Solutions stock traded down C$0.28 during mid-day trading on Thursday, hitting C$9.06. 304,091 shares of the company’s stock were exchanged, compared to its average volume of 590,138. CES Energy Solutions has a fifty-two week low of C$3.28 and a fifty-two week high of C$9.43. The firm has a market capitalization of C$2.12 billion, a P/E ratio of 11.97, a PEG ratio of 0.61 and a beta of 2.31. The company’s 50 day simple moving average is C$7.71 and its 200-day simple moving average is C$7.33. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40.

CES Energy Solutions (TSE:CEU) last announced its 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 the consensus estimate of C$544.70 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. On average, equities analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

Insider Buying and Selling

In other news, Director Michael Hallat sold 22,610 shares of CES Energy Solutions stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total transaction of C$174,357.02. In other CES Energy Solutions news, Director John Michael Hooks sold 4,382 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$32,952.64. Also, Director Michael Hallat sold 22,610 shares of the 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 the last three months, insiders sold 400,478 shares of company stock valued at $2,927,940. 3.03% of the stock is owned by corporate insiders.

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.