CES Energy Solutions (TSE:CEU) Reaches New 52-Week High at $2.29

Shares of CES Energy Solutions Corp. (TSE:CEU) hit a new 52-week high during trading on Friday . The stock traded as high as C$2.29 and last traded at C$2.27, with a volume of 408417 shares trading hands. The stock had previously closed at C$2.18.

CEU has been the topic of several recent analyst reports. TD Securities boosted their price target on CES Energy Solutions from C$4.00 to C$4.50 and gave the company a “buy” rating in a research note on Friday, November 12th. Raymond James lifted their price objective on CES Energy Solutions from C$3.00 to C$3.25 and gave the company a “strong-buy” rating in a research report on Friday, November 12th. BMO Capital Markets lifted their price objective on CES Energy Solutions from C$2.75 to C$3.00 in a research report on Monday, November 15th. National Bankshares lifted their price objective on CES Energy Solutions from C$2.75 to C$2.85 and gave the company an “outperform” rating in a research report on Friday, November 12th. Finally, ATB Capital lifted their price objective on CES Energy Solutions from C$3.75 to C$4.00 and gave the company an “outperform” rating in a research report on Friday, November 12th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$3.24.

The company has a market cap of C$596.40 million and a P/E ratio of 9.17. The company has a quick ratio of 1.65, a current ratio of 3.28 and a debt-to-equity ratio of 78.69. The business has a 50-day moving average price of C$1.96 and a two-hundred day moving average price of C$1.81.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, November 11th. The company reported C$0.05 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.02. The firm had revenue of C$314.40 million for the quarter, compared to the consensus estimate of C$281.35 million. As a group, sell-side analysts expect that CES Energy Solutions Corp. will post 0.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 14th. Stockholders of record on Friday, December 31st will be given a dividend of $0.016 per share. The ex-dividend date is Thursday, December 30th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.74%. CES Energy Solutions’s payout ratio is currently 6.32%.

About CES Energy Solutions (TSE:CEU)

CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. It 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.

See Also: Analyzing a company’s cash flow statement

Receive News & Ratings for CES Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CES Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.