CES Energy Solutions Corp (CEU) Receives Consensus Recommendation of “Buy” from Analysts

CES Energy Solutions Corp (TSE:CEU) has been assigned an average recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$7.81.

CEU has been the subject of a number of research analyst reports. Canaccord Genuity reduced their target price on CES Energy Solutions from C$7.25 to C$7.00 in a report on Friday, August 17th. 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 report on Friday, August 10th. Raymond James reduced their target price on CES Energy Solutions from C$7.50 to C$7.00 and set a “strong-buy” rating for the company in a report on Monday, September 24th. Finally, BMO Capital Markets reduced their target price on CES Energy Solutions from C$9.00 to C$8.00 in a report on Monday, August 13th.

Shares of CES Energy Solutions stock traded down C$0.04 during mid-day trading on Monday, reaching C$3.37. 1,638,400 shares of the stock traded hands, compared to its average volume of 727,321. CES Energy Solutions has a fifty-two week low of C$3.13 and a fifty-two week high of C$7.05. The company has a debt-to-equity ratio of 61.84, a current ratio of 3.50 and a quick ratio of 1.81.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Thursday, August 9th. The company reported C$0.05 EPS for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.03. The firm had revenue of C$284.32 million for the quarter, compared to analyst estimates of C$269.18 million. On average, research analysts predict that CES Energy Solutions will post 0.269189196464573 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 15th will be given a $0.005 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.06 annualized dividend and a yield of 1.78%. CES Energy Solutions’s payout ratio is 18.06%.

In related news, insider Craig Frederick Nieboer sold 50,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of C$4.47, for a total value of C$223,500.00. Also, Director Burton Joel Ahrens sold 9,200 shares of the stock in a transaction that occurred on Friday, October 12th. The stock was sold at an average price of C$3.89, for a total value of C$35,788.00. Insiders sold 125,651 shares of company stock valued at $540,613 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.

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Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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