CES Energy Solutions (TSE:CEU) Price Target Raised to C$8.00 at BMO Capital Markets

CES Energy Solutions (TSE:CEU) had its target price boosted by BMO Capital Markets from C$6.00 to C$8.00 in a report published on Tuesday morning, BayStreet.CA reports.

Several other equities analysts also recently commented on CEU. Stifel Nicolaus upped their price objective on shares of CES Energy Solutions from C$5.50 to C$7.50 in a report on Wednesday, April 3rd. Scotiabank upped their price target on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. TD Securities raised their price objective on shares of CES Energy Solutions from C$6.00 to C$7.00 in a research report on Thursday, April 18th. ATB Capital boosted their price objective on CES Energy Solutions from C$5.25 to C$6.50 in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada increased their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an outperform rating in a research note on Friday, March 1st. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of Buy and a consensus price target of C$6.48.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$5.43 on Tuesday. The company has a debt-to-equity ratio of 70.47, a current ratio of 2.95 and a quick ratio of 1.78. The company’s 50-day moving average is C$4.82 and its 200-day moving average is C$4.06. The firm has a market capitalization of C$1.28 billion, a PE ratio of 8.90, a P/E/G ratio of 0.61 and a beta of 2.46. CES Energy Solutions has a fifty-two week low of C$2.30 and a fifty-two week high of C$5.80.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. The firm had revenue of C$553.46 million for the quarter, compared to the consensus estimate of C$538.23 million. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. Sell-side analysts anticipate that CES Energy Solutions will post 0.6553738 earnings per share for the current year.

CES Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a yield of 2.21%. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s dividend payout ratio is currently 19.67%.

Insider Buying and Selling at CES Energy Solutions

In related news, Director John Michael Hooks sold 100,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$4.76, for a total value of C$475,610.00. In related news, Director Kyle Kitagawa sold 50,000 shares of CES Energy Solutions stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$5.33, for a total value of C$266,500.00. Also, Director John Michael Hooks sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$4.76, for a total value of C$475,610.00. Insiders sold 498,360 shares of company stock valued at $2,417,920 in the last three months. Corporate insiders own 2.35% 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.