CES Energy Solutions (TSE:CEU) Price Target Raised to C$6.50 at National Bankshares

CES Energy Solutions (TSE:CEU) had its price target increased by National Bankshares from C$4.75 to C$6.50 in a report released on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research analysts also recently issued reports on CEU. Stifel Nicolaus boosted their price objective on CES Energy Solutions from C$5.50 to C$7.50 in a research note on Wednesday, April 3rd. Raymond James upped their price target on CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a strong-buy rating in a research note on Monday, March 4th. TD Securities upped their price target on CES Energy Solutions from C$6.00 to C$7.00 in a research note on Thursday, April 18th. Royal Bank of Canada upped their price target 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. Finally, BMO Capital Markets upped their price target on CES Energy Solutions from C$6.00 to C$8.00 in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Buy and an average price target of C$6.70.

CES Energy Solutions Stock Down 0.6 %

Shares of TSE:CEU opened at C$5.40 on Wednesday. The company has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 0.61 and a beta of 2.46. 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 business’s 50-day moving average is C$4.85 and its 200-day moving average is C$4.08. CES Energy Solutions has a 1 year low of C$2.30 and a 1 year high of C$5.80.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The company 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%. Equities research analysts predict that CES Energy Solutions will post 0.6553738 earnings per share for the current year.

CES Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a dividend yield of 2.22%. CES Energy Solutions’s dividend payout ratio is 19.67%.

Insider Transactions at CES Energy Solutions

In other news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of C$5.55, for a total value of C$127,650.00. In other news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$4.73, for a total value of C$212,850.00. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of C$5.55, for a total value of C$127,650.00. Insiders sold a total of 498,360 shares of company stock valued at $2,417,920 over the last ninety days. 2.35% of the stock is currently owned by insiders.

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.