CES Energy Solutions (CEU) Set to Announce Quarterly Earnings on Friday

CES Energy Solutions (TSE:CEUGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Friday, May 13th. Analysts expect CES Energy Solutions to post earnings of C$0.03 per share for the quarter.

CES Energy Solutions (TSE:CEUGet Rating) last posted its earnings results on Thursday, March 10th. The company reported C$0.09 EPS for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.04. The company had revenue of C$367.79 million during the quarter, compared to the consensus estimate of C$317.05 million.

CEU stock opened at C$2.42 on Thursday. The stock has a market capitalization of C$614.27 million and a P/E ratio of 12.74. The company has a current ratio of 3.52, a quick ratio of 1.76 and a debt-to-equity ratio of 89.84. CES Energy Solutions has a 12 month low of C$1.36 and a 12 month high of C$3.10. The firm has a 50-day moving average price of C$2.53 and a 200-day moving average price of C$2.28.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a $0.016 dividend. This represents a $0.06 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Wednesday, March 30th. CES Energy Solutions’s dividend payout ratio is currently 16.84%.

Several research analysts have recently issued reports on CEU shares. National Bank Financial downgraded CES Energy Solutions from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, February 3rd. BMO Capital Markets upped their price objective on CES Energy Solutions from C$2.50 to C$3.50 in a research note on Friday, March 11th. Scotiabank started coverage on CES Energy Solutions in a research note on Thursday, April 14th. They issued a “buy” rating and a C$3.30 price objective for the company. TD Securities upped their price objective on 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, Raymond James downgraded 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$3.37.

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

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.

See Also

Earnings History for CES Energy Solutions (TSE:CEU)

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