CES Energy Solutions (TSE:CEU) Price Target Increased to C$8.00 by Analysts at BMO Capital Markets

CES Energy Solutions (TSE:CEU) had its target price boosted by BMO Capital Markets from C$6.00 to C$8.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada lifted their price target on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an outperform rating in a report on Friday, March 1st. 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. Stifel Nicolaus lifted their price target on shares of CES Energy Solutions from C$5.50 to C$7.50 in a report on Wednesday, April 3rd. TD Securities lifted their price target on shares of CES Energy Solutions from C$6.00 to C$7.00 in a report on Thursday, April 18th. Finally, Raymond James lifted their price target on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a strong-buy rating in a report on Monday, March 4th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CES Energy Solutions presently has a consensus rating of Buy and a consensus target price of C$6.70.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$5.68 on Tuesday. CES Energy Solutions has a 52 week low of C$2.30 and a 52 week high of C$5.80. The company’s 50 day moving average price is C$4.90 and its two-hundred day moving average price is C$4.10. 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 stock has a market cap of C$1.34 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.61 and a beta of 2.46.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The firm had revenue of C$553.46 million for the quarter, compared to analysts’ expectations of C$538.23 million. On average, equities analysts predict that CES Energy Solutions will post 0.6553738 earnings per share for the current year.

CES Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.11%. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, March 27th. CES Energy Solutions’s payout ratio is currently 19.67%.

Insider Activity at CES Energy Solutions

In related news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of CES Energy Solutions stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. In other news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$4.71, for a total transaction of C$708,060.28. Also, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total transaction of C$212,850.00. In the last ninety days, insiders sold 498,360 shares of company stock worth $2,417,920. Corporate insiders own 2.35% of the company’s stock.

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.