CES Energy Solutions (TSE:CEU) Hits New 52-Week High at $8.09

CES Energy Solutions Corp. (TSE:CEU)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$8.09 and last traded at C$7.99, with a volume of 74051 shares trading hands. The stock had previously closed at C$8.02.

Analyst Ratings Changes

Several analysts have issued reports on CEU shares. TD Securities upped their target price on CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. BMO Capital Markets upped their price target on CES Energy Solutions from C$9.00 to C$10.00 in a research note on Tuesday, July 16th. Raymond James upped their price target on CES Energy Solutions from C$6.75 to C$8.50 in a research note on Friday, May 10th. Scotiabank upped their price target on CES Energy Solutions from C$5.85 to C$8.50 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Finally, Stifel Nicolaus upped their price target on CES Energy Solutions from C$7.50 to C$8.50 in a research note on Thursday, May 9th. 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 to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$8.25.

CES Energy Solutions Trading Up 1.0 %

The company has a 50 day moving average of C$7.24 and a 200-day moving average of C$5.64. The company has a debt-to-equity ratio of 60.16, a quick ratio of 1.78 and a current ratio of 2.76. The stock has a market cap of C$1.90 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.61 and a beta of 2.41.

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

CES Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.40 per share. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.60 annualized dividend and a yield of 19.75%. CES Energy Solutions’s dividend payout ratio is presently 16.90%.

Insider Buying and Selling

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the stock in a transaction dated Thursday, July 4th. The stock was sold at an average price of C$7.55, for a total value of C$411,527.85. In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the stock in a transaction dated 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 15,557 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$7.10, for a total value of C$110,454.70. In the last 90 days, insiders have sold 106,043 shares of company stock valued at $788,155. Corporate insiders own 2.91% of the company’s stock.

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.