CES Energy Solutions (TSE:CEU) Reaches New 12-Month High at $5.83

CES Energy Solutions Corp. (TSE:CEU)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$5.83 and last traded at C$5.83, with a volume of 137712 shares trading hands. The stock had previously closed at C$5.65.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stifel Nicolaus raised their price objective on shares of CES Energy Solutions from C$5.50 to C$7.50 in a research note on Wednesday, April 3rd. ATB Capital lifted their price target on shares of CES Energy Solutions from C$5.25 to C$6.50 in a report on Wednesday, April 3rd. Scotiabank boosted their price objective on CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. Raymond James lifted their price target on CES Energy Solutions from C$6.50 to C$6.75 and gave the company a “strong-buy” rating in a research report on Monday, March 4th. Finally, BMO Capital Markets boosted their price objective on shares of CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$6.70.

CES Energy Solutions Price Performance

The company has a quick ratio of 1.78, a current ratio of 2.95 and a debt-to-equity ratio of 70.47. The company has a 50-day moving average of C$5.19 and a 200 day moving average of C$4.23. The stock has a market capitalization of C$1.41 billion, a PE ratio of 9.84, a PEG ratio of 0.61 and a beta of 2.46.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The company had revenue of C$553.46 million for the quarter, compared to the consensus estimate of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. Sell-side analysts predict that CES Energy Solutions Corp. will post 0.6391403 EPS for the current year.

CES Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a yield of 2.00%. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s dividend payout ratio (DPR) is 19.67%.

Insider Buying and Selling

In other news, insider EdgePoint Investment Group Inc. sold 23,000 shares of CES Energy Solutions stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$5.55, for a total value of C$127,650.00. In related news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of C$5.55, for a total transaction of C$127,650.00. Also, Director Kyle Kitagawa sold 50,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$5.33, for a total value of C$266,500.00. In the last quarter, insiders sold 498,360 shares of company stock valued at $2,417,920. 2.35% of the stock is currently owned by corporate insiders.

CES Energy Solutions Company Profile

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.