CES Energy Solutions (TSE:CEU) Price Target Increased to C$9.75 by Analysts at ATB Capital

CES Energy Solutions (TSE:CEU) had its target price upped by ATB Capital from C$8.50 to C$9.75 in a research report sent to investors on Friday morning, BayStreet.CA reports.

CEU has been the subject of a number of other reports. Stifel Nicolaus upped their price objective on shares of CES Energy Solutions from C$7.50 to C$8.50 in a research report on Thursday, May 9th. Raymond James upped their target price on shares of CES Energy Solutions from C$6.75 to C$8.50 in a report on Friday, May 10th. BMO Capital Markets upped their target price on shares of CES Energy Solutions from C$10.00 to C$12.00 in a report on Friday. Scotiabank upped their target price on shares of CES Energy Solutions from C$5.85 to C$8.50 and gave the stock an outperform rating in a report on Tuesday, May 14th. Finally, TD Securities upped their target price on shares of CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Buy and a consensus price target of C$9.50.

CES Energy Solutions Stock Performance

Shares of CEU traded up C$0.15 during trading hours on Friday, hitting C$7.67. The stock had a trading volume of 939,365 shares, compared to its average volume of 557,600. 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 firm has a 50-day moving average price of C$7.45 and a 200 day moving average price of C$5.97. CES Energy Solutions has a fifty-two week low of C$2.94 and a fifty-two week high of C$8.35. The firm has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 0.61 and a beta of 2.41.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data 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 company had revenue of C$588.58 million during the quarter, compared to analysts’ expectations of C$555.63 million. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%. As a group, research analysts anticipate that CES Energy Solutions will post 0.7197861 EPS for the current year.

CES Energy Solutions Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, September 30th. CES Energy Solutions’s dividend payout ratio is currently 16.90%.

Insider Activity at CES Energy Solutions

In related news, Senior Officer Matthew Stephen Bell sold 8,131 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$6.92, for a total value of C$56,266.52. In related news, Senior Officer Kenneth Earl Zinger bought 200,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were bought at an average price of C$7.03 per share, with a total value of C$1,405,600.00. Also, Senior Officer Matthew Stephen Bell sold 8,131 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$6.92, for a total transaction of C$56,266.52. Over the last quarter, insiders sold 106,043 shares of company stock valued at $788,155. 2.91% of the stock is owned by company 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.