CES Energy Solutions Expected to Earn Q2 2018 Earnings of $0.02 Per Share (CEU)

CES Energy Solutions (TSE:CEU) – Equities researchers at Cormark cut their Q2 2018 earnings estimates for CES Energy Solutions in a research note issued to investors on Monday, May 14th. Cormark analyst J. Zhang now expects that the company will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.04. Cormark also issued estimates for CES Energy Solutions’ Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.07 EPS, Q1 2019 earnings at $0.10 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.32 EPS.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, March 1st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.04). CES Energy Solutions had a net margin of 7.45% and a return on equity of 13.37%. The company had revenue of C$278.83 million during the quarter, compared to analysts’ expectations of C$265.63 million.

A number of other research firms have also recently commented on CEU. AltaCorp Capital reiterated an “outperform” rating on shares of CES Energy Solutions in a report on Wednesday, April 18th. Canaccord Genuity decreased their price objective on CES Energy Solutions from C$9.00 to C$8.50 in a report on Wednesday, April 11th. Clarus Securities reiterated a “buy” rating on shares of CES Energy Solutions in a report on Monday, March 5th. GMP Securities upped their price objective on CES Energy Solutions from C$9.50 to C$10.00 in a report on Monday, March 5th. Finally, TD Securities reiterated a “buy” rating and issued a C$8.50 price objective on shares of CES Energy Solutions in a report on Friday, February 23rd. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$8.64.

CES Energy Solutions opened at C$5.71 on Wednesday, according to Marketbeat. CES Energy Solutions has a one year low of C$4.94 and a one year high of C$7.34.

In other CES Energy Solutions news, Director Donald Michael Godfre Stewart sold 6,366 shares of the company’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of C$6.41, for a total transaction of C$40,806.06. Also, insider Craig Frederick Nieboer sold 35,357 shares of the company’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of C$5.62, for a total value of C$198,706.34. Insiders sold 212,137 shares of company stock worth $1,278,575 over the last quarter.

CES Energy Solutions Company Profile

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.

Earnings History and Estimates for CES Energy Solutions (TSE:CEU)

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