CES Energy Solutions (TSE:CEU) Price Target Raised to C$10.00

CES Energy Solutions (TSE:CEU) had its target price hoisted by BMO Capital Markets from C$9.00 to C$10.00 in a research report report published on Tuesday, BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. ATB Capital raised their price objective on CES Energy Solutions from C$8.25 to C$8.50 and gave the stock an outperform rating in a research report on Friday, June 28th. Raymond James raised their price objective on CES Energy Solutions from C$6.75 to C$8.50 in a research report on Friday, May 10th. National Bankshares raised their price objective on CES Energy Solutions from C$6.50 to C$7.00 in a research report on Thursday, May 9th. Scotiabank raised their price objective on CES Energy Solutions from C$5.85 to C$8.50 and gave the stock an outperform rating in a research report on Tuesday, May 14th. Finally, TD Securities raised their price objective on CES Energy Solutions from C$7.00 to C$9.00 and gave the stock a buy rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of C$8.25.

CES Energy Solutions Trading Up 0.1 %

Shares of CEU opened at C$7.90 on Tuesday. The business’s 50-day moving average price is C$7.15 and its 200 day moving average price is C$5.52. The stock has a market capitalization of C$1.86 billion, a P/E ratio of 11.13, a P/E/G ratio of 0.61 and a beta of 2.41. CES Energy Solutions has a 1-year low of C$2.67 and a 1-year high of C$8.09. The company has a current ratio of 2.76, a quick ratio of 1.78 and a debt-to-equity ratio of 60.16.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.08. The firm had revenue of C$588.58 million for the quarter, compared to analysts’ expectations of C$555.63 million. CES Energy Solutions had a return on equity of 26.28% and a net margin of 8.02%. Analysts expect that CES Energy Solutions will post 0.7197861 earnings per share for the current year.

CES Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 20.25%. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, May 21st. CES Energy Solutions’s payout ratio is currently 16.90%.

Insider Buying and Selling

In related news, Senior Officer Matthew Stephen Bell sold 26,146 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of C$7.54, for a total value of C$197,140.84. In related news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the business’s 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 value of C$411,527.85. Also, Senior Officer Matthew Stephen Bell sold 26,146 shares of CES Energy Solutions stock in a transaction that occurred on Monday, July 8th. The stock was 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 106,043 shares of company stock worth $788,155. 2.91% of the stock is currently owned by insiders.

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.