CES Energy Solutions Corp. (TSE:CEU) Given Consensus Rating of “Buy” by Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have received an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$6.23.

Several equities research analysts have weighed in on CEU shares. Stifel Nicolaus increased their price target on shares of CES Energy Solutions from C$5.50 to C$7.50 in a research report on Wednesday, April 3rd. Royal Bank of Canada raised their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Scotiabank upped their price target on CES Energy Solutions from C$5.30 to C$5.85 in a research report on Monday, March 4th. ATB Capital lifted their price objective on CES Energy Solutions from C$5.25 to C$6.50 in a research report on Wednesday, April 3rd. Finally, TD Securities upped their target price on CES Energy Solutions from C$6.00 to C$7.00 in a report on Thursday.

CES Energy Solutions Trading Down 0.9 %

TSE CEU opened at C$5.34 on Friday. The firm has a market cap of C$1.26 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46. CES Energy Solutions has a 1-year low of C$2.30 and a 1-year high of C$5.80. The stock has a 50-day moving average of C$4.77 and a 200-day moving average of C$4.03. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 70.47.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The firm had revenue of C$553.46 million during the quarter, compared to the consensus estimate of C$538.23 million. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. As a group, sell-side analysts forecast that CES Energy Solutions will post 0.6553738 EPS for the current year.

CES Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s payout ratio is 19.67%.

Insider Transactions at CES Energy Solutions

In related news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$5.55, for a total transaction of C$127,650.00. In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$4.71, for a total value of C$708,060.28. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$5.55, for a total value of C$127,650.00. Insiders have sold 498,360 shares of company stock valued at $2,417,920 in the last three months. 2.35% of the stock is currently owned by company insiders.

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.