CES Energy Solutions Corp. (TSE:CEU) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$10.59.

Several analysts have issued reports on CEU shares. ATB Capital raised their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Scotiabank increased their price target on CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. National Bankshares boosted their price objective on CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Raymond James increased their target price on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th.

CES Energy Solutions Price Performance

Shares of CES Energy Solutions stock opened at C$9.70 on Wednesday. The firm has a market cap of C$2.27 billion, a PE ratio of 12.44, a PEG ratio of 0.61 and a beta of 2.31. The stock has a 50 day moving average of C$9.05 and a 200 day moving average of C$8.11. 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.

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

CES Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.24%. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

Insider Buying and Selling

In other CES Energy Solutions news, Senior Officer James Farnsworth Strickland sold 54,587 shares of CES Energy Solutions stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$9.13, for a total value of C$498,215.55. Also, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total transaction of C$547,350.72. Insiders sold a total of 192,732 shares of company stock valued at $1,614,302 over the last three months. 3.03% of the stock is owned by company insiders.

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.