CES Energy Solutions (TSE:CEU) is set to issue its quarterly earnings data after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of C$0.05 per share for the quarter.
CES Energy Solutions (TSE:CEU) last issued its earnings results on Thursday, August 9th. The company reported C$0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.02 by C$0.03. The company had revenue of C$284.32 million during the quarter, compared to the consensus estimate of C$269.18 million. CES Energy Solutions had a return on equity of 13.37% and a net margin of 7.45%.
Shares of CEU opened at C$3.49 on Thursday. CES Energy Solutions has a one year low of C$3.36 and a one year high of C$7.34.
The company also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be paid a $0.005 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.06 annualized dividend and a dividend yield of 1.72%.
CEU has been the subject of several research reports. Canaccord Genuity reduced their target price on CES Energy Solutions from C$8.00 to C$7.25 in a research note on Tuesday, July 10th. National Bank Financial reduced their target price on CES Energy Solutions from C$8.20 to C$7.00 and set an “outperform” rating for the company in a research note on Friday, August 10th. BMO Capital Markets cut their price target on CES Energy Solutions from C$9.00 to C$8.00 in a research note on Monday, August 13th. Finally, Raymond James cut their price target on CES Energy Solutions from C$7.50 to C$7.00 and set a “strong-buy” rating for the company in a research note on Monday, September 24th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$7.81.
In other CES Energy Solutions news, insider Jason Douglas Waugh sold 26,000 shares of CES Energy Solutions stock in a transaction dated Monday, October 15th. The stock was sold at an average price of C$3.92, for a total transaction of C$101,920.00. Also, Director Burton Joel Ahrens sold 9,200 shares of CES Energy Solutions stock in a transaction dated Friday, October 12th. The shares were sold at an average price of C$3.89, for a total value of C$35,788.00. Insiders have sold a total of 125,651 shares of company stock valued at $540,613 in the last quarter.
About CES Energy Solutions
CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.
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