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 Down 1.1 %

Shares of CES Energy Solutions stock traded down C$0.03 during midday trading on Friday, hitting C$2.61. The company had a trading volume of 554,417 shares, compared to its average volume of 850,364. CES Energy Solutions has a 52-week low of C$1.36 and a 52-week high of C$3.11. The stock has a market capitalization of C$668.89 million and a P/E ratio of 12.43. The company has a 50 day moving average of C$2.45 and a 200 day moving average of C$2.52. The company has a debt-to-equity ratio of 99.02, a quick ratio of 1.75 and a current ratio of 3.34.

CES Energy Solutions Dividend Announcement

The business 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. The ex-dividend date was Wednesday, June 29th. This represents a $0.06 annualized dividend and a dividend yield of 2.45%. CES Energy Solutions's payout ratio is 30.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CEU shares. Royal Bank of Canada boosted their price objective on shares of CES Energy Solutions from C$3.50 to C$4.00 and gave the company an "outperform" rating in a research report on Friday, August 12th. National Bankshares upped their target price on CES Energy Solutions from C$3.50 to C$3.70 and gave the company an "outperform" rating in a report on Monday. ATB Capital lifted their price target on shares of CES Energy Solutions from C$4.25 to C$5.25 in a report on Friday, August 12th. Stifel Nicolaus upped their price objective on shares of CES Energy Solutions from C$3.75 to C$4.50 in a report on Friday, August 12th. Finally, National Bank Financial raised shares of CES Energy Solutions from a "sector perform overweight" rating to an "outperform overweight" rating in a research note on Monday, July 4th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$4.09.

Insider Buying and Selling at CES Energy Solutions

In other news, Director Philip Scherman purchased 42,000 shares of the company's stock in a transaction 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 completion of the transaction, the director now directly owns 341,069 shares in the company, valued at approximately C$801,512.15. Over the last 90 days, insiders have bought 52,972 shares of company stock valued at $126,864.