National Bank Financial Weighs in on CES Energy Solutions’ FY2019 Earnings (CEU)

CES Energy Solutions (TSE:CEU) – Stock analysts at National Bank Financial cut their FY2019 EPS estimates for CES Energy Solutions in a research note issued to investors on Monday, May 14th. National Bank Financial analyst G. Colman now forecasts that the company will earn $0.23 per share for the year, down from their previous forecast of $0.24. National Bank Financial has a “Outperform” rating and a $8.50 price target on the stock.

CEU has been the subject of a number of other research reports. Royal Bank of Canada cut their price target on CES Energy Solutions from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research note on Monday. GMP Securities increased their price target on CES Energy Solutions from C$9.50 to C$10.00 in a research note on Monday, March 5th. TD Securities reiterated a “buy” rating and issued a C$8.50 price target on shares of CES Energy Solutions in a research note on Friday, February 23rd. Raymond James reiterated a “strong-buy” rating and issued a C$8.50 price target on shares of CES Energy Solutions in a research note on Friday, February 9th. Finally, Clarus Securities reiterated a “buy” rating on shares of CES Energy Solutions in a research note on Monday, March 5th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. CES Energy Solutions currently has an average rating of “Buy” and a consensus price target of C$8.64.

Shares of CEU stock opened at C$5.71 on Thursday. CES Energy Solutions has a 52-week low of C$4.94 and a 52-week high of C$7.34.

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

In other news, Director John Michael Hooks sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of C$6.12, for a total transaction of C$918,000.00. Also, Director Burton Joel Ahrens sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of C$5.75, for a total value of C$40,250.00. In the last 90 days, insiders have sold 212,137 shares of company stock valued at $1,278,575.

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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