CES Energy Solutions Corp. (TSE:CEU) Receives C$6.23 Average Price Target from Analysts

CES Energy Solutions Corp. (TSE:CEU - Get Free Report) has been given an average recommendation of "Buy" by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$6.23.

CEU has been the topic of several research analyst reports. TD Securities boosted their target price on CES Energy Solutions from C$6.00 to C$7.00 in a research note on Thursday. BMO Capital Markets boosted their target price on CES Energy Solutions from C$5.50 to C$6.00 in a research note on Thursday, March 28th. Scotiabank boosted their target price on CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. Royal Bank of Canada lifted their price target on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a research report on Friday, March 1st. Finally, Stifel Nicolaus lifted their price target on CES Energy Solutions from C$5.50 to C$7.50 in a research report on Wednesday, April 3rd.

Insiders Place Their Bets

In other news, insider EdgePoint Investment Group Inc. acquired 477,897 shares of the business's stock in a transaction on Monday, March 18th. The stock was bought at an average cost of C$4.72 per share, for a total transaction of C$2,255,673.84. In related news, insider EdgePoint Investment Group Inc. purchased 477,897 shares of the company's stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of C$4.72 per share, for a total transaction of C$2,255,673.84. Also, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the company's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$4.71, for a total value of C$708,060.28. In the last three months, 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 Trading Up 3.4 %

CEU traded up C$0.18 during trading on Friday, hitting C$5.52. 269,580 shares of the stock were exchanged, compared to its average volume of 365,850. The firm has a 50 day simple moving average of C$4.77 and a 200 day simple moving average of C$4.03. The firm has a market cap of C$1.30 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 0.61 and a beta of 2.46. CES Energy Solutions has a 1 year low of C$2.30 and a 1 year high of C$5.80. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95.

CES Energy Solutions (TSE:CEU - Get Free Report) last released its quarterly earnings data 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 return on equity of 24.41% and a net margin of 7.15%. The company had revenue of C$553.46 million for the quarter, compared to the consensus estimate of C$538.23 million. As a group, equities analysts expect that CES Energy Solutions will post 0.6553738 EPS for the current year.

CES Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a dividend of $0.03 per share. This is a positive change from CES Energy Solutions's previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, March 27th. CES Energy Solutions's payout ratio is 19.67%.

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.