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

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$10.59.

Several brokerages recently weighed in on CEU. ATB Capital boosted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Atb Cap Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada upped their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Raymond James upped their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Finally, National Bankshares upped their price objective on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research note on Thursday, December 19th.

Insider Activity at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$9.13, for a total value of C$498,215.55. Also, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$547,890.00. Over the last quarter, insiders have sold 151,347 shares of company stock worth $1,444,972. Company insiders own 3.03% of the company’s stock.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$9.23 on Friday. The firm’s 50-day simple moving average is C$9.56 and its 200 day simple moving average is C$8.37. CES Energy Solutions has a 52 week low of C$3.68 and a 52 week high of C$10.20. The firm has a market capitalization of C$2.16 billion, a PE ratio of 11.83, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40.

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

CES Energy Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.12 annualized dividend and a yield of 1.30%. CES Energy Solutions’s payout ratio is 15.38%.

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.