CES Energy Solutions (CEU) to Release Earnings on Wednesday

CES Energy Solutions (TSE:CEU) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.06. The company had revenue of C$553.46 million during 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%.

CES Energy Solutions Stock Performance

Shares of TSE:CEU opened at C$5.65 on Monday. The firm’s 50 day simple moving average is C$5.09 and its 200 day simple moving average is C$4.19. CES Energy Solutions has a fifty-two week low of C$2.30 and a fifty-two week high of C$5.83. The company has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 0.61 and a beta of 2.46. The company has a debt-to-equity ratio of 70.47, a current ratio of 2.95 and a quick ratio of 1.78.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.12%. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, March 27th. CES Energy Solutions’s payout ratio is presently 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 dated Monday, March 18th. The stock was purchased at an average cost of C$4.72 per share, for a total transaction of C$2,255,673.84. In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the firm’s stock in a transaction on 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, insider EdgePoint Investment Group Inc. purchased 477,897 shares of the stock in a transaction on Monday, March 18th. The shares were acquired at an average cost of C$4.72 per share, with a total value of C$2,255,673.84. Over the last quarter, insiders sold 498,360 shares of company stock valued at $2,417,920. Company insiders own 2.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CEU. Royal Bank of Canada boosted their price target on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Friday, March 1st. BMO Capital Markets boosted their target price on CES Energy Solutions from C$6.00 to C$8.00 in a research note on Tuesday, April 23rd. Raymond James upped their price objective on 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. TD Securities boosted their price objective on shares of CES Energy Solutions from C$6.00 to C$7.00 in a research note on Thursday, April 18th. Finally, ATB Capital raised their target price on CES Energy Solutions from C$5.25 to C$6.50 in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$6.70.

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.