CES Energy Solutions Corp. (TSE:CEU) Receives Average Rating of “Buy” from Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU – Get Rating) have been assigned an average recommendation of “Buy” from the eight research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$3.47.

Several brokerages have recently commented on CEU. National Bankshares upped their price objective on shares of CES Energy Solutions from C$2.85 to C$3.35 and gave the company a “sector perform” rating in a research note on Monday, March 14th. BMO Capital Markets upped their price objective on shares of CES Energy Solutions from C$2.50 to C$3.50 in a research note on Friday, March 11th. Raymond James downgraded shares of CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from C$3.25 to C$3.35 in a research note on Monday, March 14th. TD Securities upped their price objective on shares of CES Energy Solutions from C$4.25 to C$4.50 and gave the company a “buy” rating in a research note on Friday, March 11th. Finally, National Bank Financial downgraded shares of CES Energy Solutions from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, February 3rd.

In other news, Senior Officer Kenneth Earl Zinger sold 41,467 shares of the stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of C$2.37, for a total transaction of C$98,168.98. Following the sale, the insider now owns 2,163,440 shares in the company, valued at C$5,121,727.86. Also, Director John Michael Hooks sold 11,403 shares of the stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of C$2.37, for a total transaction of C$26,995.46. Following the sale, the director now owns 1,395,154 shares in the company, valued at approximately C$3,302,887.58. Over the last three months, insiders sold 130,258 shares of company stock valued at $313,682.

TSE CEU traded down C$0.03 during trading on Wednesday, hitting C$2.28. 797,968 shares of the company’s stock traded hands, compared to its average volume of 866,465. The stock has a fifty day moving average of C$2.48 and a two-hundred day moving average of C$2.17. The company has a debt-to-equity ratio of 89.84, a current ratio of 3.52 and a quick ratio of 1.76. CES Energy Solutions has a 12-month low of C$1.36 and a 12-month high of C$2.92. The firm has a market cap of C$578.73 million and a P/E ratio of 12.16.

CES Energy Solutions (TSE:CEU – Get Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported C$0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.04. The business had revenue of C$367.79 million for the quarter, compared to analysts’ expectations of C$317.05 million. As a group, analysts expect that CES Energy Solutions will post 0.3186026 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Thursday, March 31st will be paid a $0.016 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, March 30th. CES Energy Solutions’s payout ratio is currently 16.84%.

CES Energy Solutions Company Profile (Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

Featured Stories