CES Energy Solutions - CEU Stock Forecast, Price & News

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products. It also designs and implements drilling fluid systems and completion solutions for oil and gas producers; designs and manufactures production and specialty chemicals for use in the oil and natural gas production markets, the stimulation and fracturing markets, and the pipeline and midstream markets; and operates trucks and trailers to transport products in the oil and gas industry. In addition, the company provides environmental consulting, water management services, and drilling fluids waste disposal services primarily to oil and gas producers; and laboratory services. It serves oil and natural gas industry, including multinational producers, intermediate oil and natural gas operators, independent juniors, and joint ventures, as well as pipeline and mid-stream markets in western Canada and the United States. The company was formerly known as Canadian Energy Services & Technology Corp. and changed its name to CES Energy Solutions Corp. in June 2017. CES Energy Solutions Corp. was incorporated in 1986 and is headquartered in Calgary, Canada.

CES Energy Solutions Stock Up 2.0 %

TSE:CEU traded up C$0.05 on Monday, hitting C$2.56. 162,363 shares of the company's stock were exchanged, compared to its average volume of 863,324. The company has a market cap of C$656.03 million and a P/E ratio of 11.95. The firm has a 50-day moving average price of C$2.49 and a 200-day moving average price of C$2.50. The company has a debt-to-equity ratio of 99.02, a current ratio of 3.34 and a quick ratio of 1.75. CES Energy Solutions has a 52 week low of C$1.36 and a 52 week high of C$3.11.

CES Energy Solutions (TSE:CEU - Get Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported C$0.04 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.01. The company had revenue of C$401.28 million during the quarter, compared to analyst estimates of C$395.93 million. As a group, analysts expect that CES Energy Solutions will post 0.38 EPS for the current fiscal year.

CES Energy Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a dividend of $0.016 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Wednesday, June 29th. CES Energy Solutions's dividend payout ratio is presently 22.86%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CEU shares. National Bank Financial raised shares of CES Energy Solutions from a "sector perform overweight" rating to an "outperform overweight" rating in a report on Monday, July 4th. National Bankshares raised CES Energy Solutions from a "sector perform" rating to a "buy" rating and lifted their price objective for the stock from C$3.35 to C$3.50 in a research note on Monday, July 4th. Royal Bank of Canada increased their target price on CES Energy Solutions from C$3.25 to C$3.50 in a research note on Thursday, July 7th. Finally, Scotiabank upped their price target on CES Energy Solutions from C$3.30 to C$3.60 in a research note on Monday, May 16th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, CES Energy Solutions currently has an average rating of "Buy" and a consensus target price of C$3.47.

Insider Activity

In other news, Director Philip Scherman purchased 42,000 shares of CES Energy Solutions stock in a transaction that occurred on Monday, June 20th. The stock was acquired at an average cost of C$2.35 per share, for a total transaction of C$98,700.00. Following the purchase, the director now directly owns 341,069 shares of the company's stock, valued at approximately C$801,512.15. Over the last quarter, insiders have bought 48,222 shares of company stock valued at $114,324.