CES Energy Solutions (TSE:CEU) Price Target Raised to C$6.00 at BMO Capital Markets

CES Energy Solutions (TSE:CEU) had its price target increased by BMO Capital Markets from C$5.50 to C$6.00 in a report published on Thursday, BayStreet.CA reports.

A number of other research firms have also weighed in on CEU. Scotiabank lifted 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. Raymond James lifted their price objective on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the company a strong-buy rating in a research note on Monday, March 4th. ATB Capital raised their price target on shares of CES Energy Solutions from C$5.00 to C$5.25 and gave the company an outperform rating in a report on Friday, March 1st. TD Securities raised their price target on shares of CES Energy Solutions from C$5.00 to C$6.00 and gave the company a buy rating in a report on Friday, March 1st. Finally, Stifel Nicolaus raised their price target on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company a buy rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of C$5.48.

CES Energy Solutions Trading Up 0.9 %

Shares of CEU stock opened at C$4.71 on Thursday. CES Energy Solutions has a 12-month low of C$2.30 and a 12-month high of C$4.88. The firm has a market cap of C$1.10 billion, a P/E ratio of 7.72, a PEG ratio of 0.61 and a beta of 2.43. The company has a quick ratio of 1.78, a current ratio of 2.95 and a debt-to-equity ratio of 70.47. The company has a 50 day moving average of C$4.34 and a 200-day moving average of C$3.87.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The business had revenue of C$553.46 million during the quarter, compared to analyst estimates of C$538.23 million. Sell-side analysts anticipate that CES Energy Solutions will post 0.654979 earnings per share for the current year.

CES Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 15th will be given a $0.03 dividend. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.55%. CES Energy Solutions’s payout ratio is presently 19.67%.

Insider Buying and Selling at CES Energy Solutions

In related news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total transaction of C$212,850.00. In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. Also, Director John Michael Hooks sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$4.76, for a total transaction of C$475,610.00. Over the last quarter, insiders have sold 425,360 shares of company stock worth $2,023,770. 2.45% of the stock is currently owned by company insiders.

CES Energy Solutions Company Profile

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.