Analysts Set CES Energy Solutions Corp. (TSE:CEU) PT at C$9.84

Shares of CES Energy Solutions Corp. (TSE:CEU) have received a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$9.97.

CEU has been the subject of several research analyst reports. Scotiabank raised their target price on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday. BMO Capital Markets raised their target price on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Raymond James raised their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Finally, TD Securities raised their target price on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research report on Wednesday, July 17th.

Insiders Place Their Bets

In other CES Energy Solutions news, Director John Michael Hooks sold 300,000 shares of CES Energy Solutions stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total value of C$2,167,680.00. In other news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of CES Energy Solutions stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$547,350.72. Also, Director John Michael Hooks sold 300,000 shares of CES Energy Solutions stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. Over the last ninety days, insiders sold 400,478 shares of company stock valued at $2,927,940. Insiders own 3.03% of the company’s stock.

CES Energy Solutions Price Performance

Shares of CES Energy Solutions stock opened at C$9.34 on Tuesday. The firm has a market cap of C$2.19 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 12-month low of C$3.28 and a 12-month high of C$9.43. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. The company’s fifty day simple moving average is C$7.71 and its two-hundred day simple moving average is C$7.33.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, August 8th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.05). CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The company had revenue of C$553.20 million during the quarter, compared to analysts’ expectations of C$544.70 million. As a group, equities analysts expect that CES Energy Solutions will post 0.8600646 EPS for the current year.

CES Energy Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.28%. CES Energy Solutions’s dividend payout ratio (DPR) is currently 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.