Analysts Set CES Energy Solutions Corp. (TSE:CEU) Price Target at C$3.52

CES Energy Solutions Corp. (TSE:CEUGet Rating) has earned a consensus recommendation of “Buy” from the nine research firms that are covering the stock, reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$3.52.

A number of brokerages have recently commented on CEU. National Bankshares lifted their price target on CES Energy Solutions from C$2.85 to C$3.35 and gave the company a “sector perform” rating in a research note on Monday, March 14th. Royal Bank of Canada lifted their price target on CES Energy Solutions from C$2.75 to C$3.25 and gave the company an “outperform” rating in a research note on Monday, May 16th. BMO Capital Markets lifted their price objective on CES Energy Solutions from C$2.50 to C$3.50 in a research note on Friday, March 11th. Raymond James lowered CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from C$3.25 to C$3.35 in a research note on Monday, March 14th. Finally, National Bank Financial lowered CES Energy Solutions from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, February 3rd.

In related news, Senior Officer Kenneth Earl Zinger sold 77,388 shares of the company’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of C$2.44, for a total transaction of C$188,517.17. Following the completion of the sale, the insider now owns 2,176,091 shares in the company, valued at C$5,300,957.68. Also, Director John Michael Hooks sold 11,403 shares of the company’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of C$2.37, for a total value of C$26,995.46. Following the sale, the director now owns 1,395,154 shares of the company’s stock, valued at approximately C$3,302,887.58. In the last 90 days, insiders have sold 130,258 shares of company stock valued at $313,682.

CES Energy Solutions stock opened at C$2.69 on Thursday. CES Energy Solutions has a 12-month low of C$1.36 and a 12-month high of C$3.10. The company has a quick ratio of 1.75, a current ratio of 3.34 and a debt-to-equity ratio of 99.02. The business’s 50-day moving average price is C$2.53 and its two-hundred day moving average price is C$2.33. The stock has a market cap of C$685.58 million and a PE ratio of 12.81.

CES Energy Solutions (TSE:CEUGet Rating) last released its earnings results on Thursday, March 10th. The company reported C$0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.04. The business had revenue of C$367.79 million during the quarter, compared to the consensus estimate of C$317.05 million. As a group, analysts expect that CES Energy Solutions will post 0.3529046 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a dividend of $0.016 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.06 annualized dividend and a dividend yield of 2.38%. CES Energy Solutions’s dividend payout ratio is 22.86%.

About CES Energy Solutions (Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

Featured Stories

Analyst Recommendations for CES Energy Solutions (TSE:CEU)

Receive News & Ratings for CES Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CES Energy Solutions and related companies with's FREE daily email newsletter.