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

CES Energy Solutions (TSE:CEU) had its price objective increased by BMO Capital Markets from C$6.00 to C$8.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of CES Energy Solutions from C$5.50 to C$7.50 in a research note on Wednesday, April 3rd. Raymond James increased their price objective on shares of 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. Royal Bank of Canada increased their price objective on shares of 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. Scotiabank increased their price objective on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. Finally, TD Securities upped their target price on shares of CES Energy Solutions from C$6.00 to C$7.00 in a research report on Thursday, April 18th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, CES Energy Solutions presently has an average rating of Buy and a consensus target price of C$6.70.

CES Energy Solutions Stock Performance

Shares of CES Energy Solutions stock opened at C$5.40 on Tuesday. The firm has a market cap of C$1.27 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46. The firm’s 50-day simple moving average is C$4.88 and its 200-day simple moving average is C$4.09. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95. 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 issued its earnings results 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 business had revenue of C$553.46 million for the quarter, compared to analyst estimates of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. Equities analysts forecast that CES Energy Solutions will post 0.6553738 earnings per share for the current fiscal year.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 27th. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 2.22%. CES Energy Solutions’s dividend payout ratio is currently 19.67%.

Insider Activity at CES Energy Solutions

In related news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the 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 transaction of C$127,650.00. In related news, 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. Also, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$4.71, for a total transaction of C$708,060.28. Insiders sold a total of 498,360 shares of company stock valued at $2,417,920 over the last ninety days. Insiders own 2.35% of the company’s stock.

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.