CES Energy Solutions (TSE:CEU) Price Target Increased to C$6.00 by Analysts at BMO Capital Markets

CES Energy Solutions (TSE:CEU - Free Report) had its price target increased by BMO Capital Markets from C$5.50 to C$6.00 in a report issued on Thursday, BayStreet.CA reports.

A number of other analysts have also weighed in on the stock. ATB Capital raised their price objective on shares of CES Energy Solutions from C$5.00 to C$5.25 and gave the company an outperform rating in a research note on Friday, March 1st. Scotiabank raised their price objective on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. Royal Bank of Canada raised their price objective on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company an outperform rating in a research note on Friday, March 1st. Stifel Nicolaus raised their price objective on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company a buy rating in a research note on Friday, March 1st. Finally, Raymond James raised their price target on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the company a strong-buy rating in a report on Monday, March 4th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of C$5.48.

CES Energy Solutions Stock Up 0.9 %

Shares of CES Energy Solutions stock traded up C$0.04 during trading on Thursday, hitting C$4.71. The company's stock had a trading volume of 316,717 shares, compared to its average volume of 293,677. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95. The company has a fifty day simple moving average of C$4.33 and a two-hundred day simple moving average of C$3.87. The company has a market capitalization of C$1.10 billion, a PE ratio of 7.75, a P/E/G ratio of 0.61 and a beta of 2.43. CES Energy Solutions has a 52 week low of C$2.30 and a 52 week high of C$4.88.

CES Energy Solutions (TSE:CEU - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.06. The company had revenue of C$553.46 million during the quarter, compared to analyst estimates of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. Equities research analysts predict that CES Energy Solutions will post 0.654979 earnings per share for the current year.

CES Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be issued a $0.03 dividend. This is an increase from CES Energy Solutions's previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.55%. CES Energy Solutions's dividend payout ratio (DPR) is presently 19.67%.

Insider Buying and Selling

In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the firm's 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 transaction of C$212,850.00. In other 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 transaction of C$212,850.00. Also, Director John Michael Hooks sold 100,000 shares of CES Energy Solutions stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$4.76, for a total transaction of C$475,610.00. Over the last quarter, insiders have sold 425,360 shares of company stock valued at $2,023,770. 2.45% of the stock is owned by insiders.

About CES Energy Solutions

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.