National Bank Financial Equities Analysts Cut Earnings Estimates for CES Energy Solutions Corp (TSE:CEU)
CES Energy Solutions Corp (TSE:CEU) – Stock analysts at National Bank Financial reduced their Q3 2019 earnings estimates for CES Energy Solutions in a research report issued on Thursday, August 8th. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.03. National Bank Financial has a “Outperform” rating and a $4.50 price target on the stock.
Other analysts have also issued research reports about the stock. Royal Bank of Canada raised shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$3.00 to C$3.50 in a research report on Monday. BMO Capital Markets lowered shares of CES Energy Solutions from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$4.00 to C$2.00 in a research report on Friday, August 9th. Canaccord Genuity lifted their target price on shares of CES Energy Solutions from C$3.25 to C$3.50 in a report on Monday. Finally, Raymond James upgraded shares of CES Energy Solutions from a “neutral” rating to a “strong-buy” rating and set a C$4.50 target price for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. CES Energy Solutions currently has an average rating of “Buy” and an average target price of C$4.17.
The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be issued a $0.005 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.06 annualized dividend and a yield of 3.08%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 46.15%.
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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