CES Energy Solutions Corp. (TSE:CEU – Get Rating) has earned a consensus recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat.com 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 (TSE:CEU – Get 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.
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