CES Energy Solutions Corp. (TSE:CEU) Given Consensus Rating of “Buy” by Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have received an average rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$9.97.

Several equities research analysts recently weighed in on the stock. TD Securities increased their price objective on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research note on Wednesday, July 17th. Raymond James increased their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. National Bankshares increased their price objective on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Scotiabank increased their price objective on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada increased their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Director John Michael Hooks sold 4,382 shares of the firm’s 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$32,952.64. In related news, Director John Michael Hooks sold 4,382 shares of the firm’s 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 transaction of C$32,952.64. Also, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the firm’s 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 transaction of C$547,350.72. Over the last 90 days, insiders have sold 400,478 shares of company stock worth $2,927,940. 3.03% of the stock is owned by company insiders.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$9.02 on Tuesday. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. CES Energy Solutions has a one year low of C$3.28 and a one year high of C$9.43. The company’s 50-day simple moving average is C$7.73 and its 200-day simple moving average is C$7.34. The stock has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.61 and a beta of 2.31.

CES Energy Solutions (TSE:CEU) last issued its quarterly 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 for the quarter, compared to the consensus estimate of C$544.70 million. Equities analysts anticipate that CES Energy Solutions will post 0.8600646 earnings per share for the current fiscal year.

CES Energy Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.03 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.33%. CES Energy Solutions’s payout ratio 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.