CES Energy Solutions Corp (CEU) Forecasted to Earn Q4 2018 Earnings of $0.02 Per Share

CES Energy Solutions Corp (TSE:CEU) – Equities researchers at National Bank Financial dropped their Q4 2018 EPS estimates for shares of CES Energy Solutions in a note issued to investors on Thursday, November 29th. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of $0.02 per share for the quarter, down from their previous estimate of $0.03. National Bank Financial currently has a “Outperform” rating and a $6.50 price target on the stock. National Bank Financial also issued estimates for CES Energy Solutions’ FY2019 earnings at $0.12 EPS.

A number of other research analysts have also recently commented on the company. Canaccord Genuity lowered their price target on CES Energy Solutions from C$5.50 to C$4.75 in a report on Thursday, November 22nd. TD Securities raised CES Energy Solutions from a “buy” rating to an “action list buy” rating and set a C$7.00 price target on the stock in a report on Wednesday, November 14th. Raymond James lowered their price target on CES Energy Solutions from C$7.50 to C$7.00 and set a “strong-buy” rating on the stock in a report on Monday, September 24th. Finally, BMO Capital Markets lowered their price target on CES Energy Solutions from C$9.00 to C$8.00 in a report on Monday, August 13th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. CES Energy Solutions currently has a consensus rating of “Buy” and a consensus price target of C$7.53.

TSE CEU opened at C$3.18 on Monday. The company has a quick ratio of 1.91, a current ratio of 3.43 and a debt-to-equity ratio of 72.49. CES Energy Solutions has a 12 month low of C$2.91 and a 12 month high of C$6.86.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.005 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.06 annualized dividend and a dividend yield of 1.89%. CES Energy Solutions’s dividend payout ratio (DPR) is 46.15%.

In other news, Director Burton Joel Ahrens sold 9,200 shares of the company’s 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 transaction of C$35,788.00. Also, insider Craig Frederick Nieboer sold 50,000 shares of the company’s 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. Insiders have sold a total of 120,001 shares of company stock worth $509,380 over the last ninety days.

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

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