CES Energy Solutions (TSE:CEU) Price Target Raised to C$11.00

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.

Several other analysts also recently weighed in on the stock. Scotiabank boosted their target price on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Raymond James upped their target price on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. ATB Capital lifted their price target on CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. BMO Capital Markets increased their price objective on CES Energy Solutions from C$10.00 to C$12.00 in a report on Friday, August 9th. Finally, National Bankshares lifted their target price on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CES Energy Solutions presently has an average rating of “Buy” and a consensus price target of C$9.97.

CES Energy Solutions Stock Performance

Shares of CEU opened at C$9.02 on Thursday. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. The firm has a market cap of C$2.11 billion, a PE ratio of 11.56, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 12 month low of C$3.28 and a 12 month high of C$9.43. The stock has a fifty day moving average price of C$7.73 and a 200-day moving average price of C$7.34.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.05). CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The business had revenue of C$553.20 million during the quarter, compared to analysts’ expectations of C$544.70 million. Equities research analysts predict that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions’s payout ratio is presently 15.38%.

Insiders Place Their Bets

In related news, 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 value of C$2,167,680.00. In related news, Director John Michael Hooks sold 300,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$7.23, for a total value of C$2,167,680.00. Also, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the 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$547,350.72. In the last 90 days, insiders have sold 400,478 shares of company stock worth $2,927,940. 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.