CES Energy Solutions (CEU) – Analysts’ Recent Ratings Updates

CES Energy Solutions (TSE: CEU) recently received a number of ratings updates from brokerages and research firms:

• 4/23/2024 – CES Energy Solutions had its price target raised by analysts at BMO Capital Markets from C$6.00 to C$8.00.
• 4/18/2024 – CES Energy Solutions had its price target raised by analysts at TD Securities from C$6.00 to C$7.00.
• 4/3/2024 – CES Energy Solutions had its price target raised by analysts at ATB Capital from C$5.25 to C$6.50.
• 4/3/2024 – CES Energy Solutions had its price target raised by analysts at Stifel Nicolaus from C$5.50 to C$7.50.
• 3/28/2024 – CES Energy Solutions had its price target raised by analysts at BMO Capital Markets from C$5.50 to C$6.00.
• 3/4/2024 – CES Energy Solutions had its price target raised by analysts at Raymond James from C$6.50 to C$6.75. They now have a “strong-buy” rating on the stock.
• 3/4/2024 – CES Energy Solutions had its price target raised by analysts at Scotiabank from C$5.30 to C$5.85.
• 3/1/2024 – CES Energy Solutions had its price target raised by analysts at Royal Bank of Canada from C$5.00 to C$5.50. They now have an “outperform” rating on the stock.
• 3/1/2024 – CES Energy Solutions had its price target raised by analysts at ATB Capital from C$5.00 to C$5.25. They now have an “outperform” rating on the stock.
• 3/1/2024 – CES Energy Solutions had its price target raised by analysts at TD Securities from C$5.00 to C$6.00. They now have a “buy” rating on the stock.
• 3/1/2024 – CES Energy Solutions had its price target raised by analysts at Stifel Nicolaus from C$5.00 to C$5.50. They now have a “buy” rating on the stock.

CES Energy Solutions Price Performance

TSE:CEU opened at C$5.43 on Wednesday. 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 stock’s 50 day moving average price is C$4.82 and its two-hundred day moving average price is C$4.06. The firm has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.61 and a beta of 2.46. CES Energy Solutions Corp. has a 12-month low of C$2.30 and a 12-month high of C$5.80.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Thursday, February 29th. 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$553.46 million for the quarter, compared to analyst estimates of C$538.23 million. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. On average, analysts anticipate that CES Energy Solutions Corp. will post 0.6553738 earnings per share for the current year.

CES Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were issued a dividend of $0.03 per share. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 annualized dividend and a dividend yield of 2.21%. CES Energy Solutions’s dividend payout ratio (DPR) is 19.67%.

Insider Activity at CES Energy Solutions

In other news, insider EdgePoint Investment Group Inc. acquired 477,897 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average price of C$4.72 per share, with a total value of C$2,255,673.84. 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 stock was sold at an average price of C$4.73, for a total value of C$212,850.00. Also, insider EdgePoint Investment Group Inc. bought 477,897 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of C$4.72 per share, with a total value of C$2,255,673.84. Insiders have sold a total of 498,360 shares of company stock valued at $2,417,920 in the last 90 days. 2.35% of the stock is owned by corporate insiders.

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.