CES Energy Solutions (TSE:CEU) Price Target Raised to C$11.50 at National Bankshares

CES Energy Solutions (TSE:CEU) had its price target hoisted by National Bankshares from C$10.00 to C$11.50 in a report published on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other brokerages have also recently weighed in on CEU. ATB Capital raised their price target 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 raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Atb Cap Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Scotiabank increased their price objective on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Finally, Raymond James lifted their target price on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$10.59.

CES Energy Solutions Trading Up 1.7 %

CEU opened at C$9.50 on Thursday. The stock has a market capitalization of C$2.22 billion, a P/E ratio of 12.18, a P/E/G ratio of 0.61 and a beta of 2.31. 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$3.39 and a 12 month high of C$9.99. The firm’s fifty day simple moving average is C$8.83 and its 200 day simple moving average is C$7.99.

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

CES Energy Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Insiders Place Their Bets

In related news, Senior Officer Anthony Michael Aulicino sold 20,000 shares of CES Energy Solutions stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of C$9.85, for a total transaction of C$197,000.00. Also, Director John Michael Hooks sold 300,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. Insiders sold a total of 492,732 shares of company stock valued at $3,781,982 in the last 90 days. Corporate 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.