CES Energy Solutions Corp. (TSE:CEU) Receives Consensus Rating of “Moderate Buy” from Brokerages

CES Energy Solutions Corp. (TSE:CEU) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have 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 issued ratings on the stock in the last year is C$10.59.

A number of equities analysts have commented on CEU shares. Atb Cap Markets downgraded shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Scotiabank raised their target price on CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Royal Bank of Canada raised their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. National Bankshares raised their target price on CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. Finally, ATB Capital raised their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th.

CES Energy Solutions Stock Performance

CES Energy Solutions stock opened at C$9.23 on Friday. The company has a market cap of C$2.16 billion, a PE ratio of 11.83, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a fifty day moving average price of C$9.56 and a two-hundred day moving average price of C$8.37. The company has a debt-to-equity ratio of 51.40, a current ratio of 3.18 and a quick ratio of 1.78. CES Energy Solutions has a 12 month low of C$3.68 and a 12 month high of C$10.20.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. The firm had revenue of C$606.52 million during the quarter, compared to the consensus estimate of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. Research analysts expect that CES Energy Solutions will post 0.8600646 earnings per share for the current year.

CES Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

Insider Activity at CES Energy Solutions

In related news, Director Stella Cosby sold 4,304 shares of CES Energy Solutions stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total transaction of C$43,040.00. Also, Senior Officer Anthony Michael Aulicino sold 54,789 shares of CES Energy Solutions stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total value of C$547,890.00. Insiders have sold a total of 151,347 shares of company stock worth $1,444,972 over the last ninety days. 3.03% of the stock is currently owned by corporate insiders.

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.