CES Energy Solutions (TSE:CEU) Sets New 12-Month High at $5.83

CES Energy Solutions Corp. (TSE:CEU) shares hit a new 52-week high during trading on Monday . The company traded as high as C$5.83 and last traded at C$5.83, with a volume of 137712 shares traded. The stock had previously closed at C$5.65.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CEU. National Bankshares increased their target price on CES Energy Solutions from C$4.75 to C$6.50 and gave the stock a “sector perform” rating in a research report on Wednesday, April 24th. Scotiabank raised their price objective on CES Energy Solutions from C$5.30 to C$5.85 in a report on Monday, March 4th. BMO Capital Markets raised their price objective on CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday, April 23rd. ATB Capital lifted their price target on CES Energy Solutions from C$5.25 to C$6.50 in a report on Wednesday, April 3rd. Finally, Raymond James raised their price objective on CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a “strong-buy” rating in a research 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 assigned a strong buy rating to the company. According to MarketBeat, CES Energy Solutions presently has a consensus rating of “Buy” and a consensus price target of C$6.70.

CES Energy Solutions Stock Up 1.7 %

The business has a 50 day moving average of C$5.19 and a 200-day moving average of C$4.23. The stock has a market cap of C$1.41 billion, a PE ratio of 9.84, a P/E/G ratio of 0.61 and a beta of 2.46. The company has a current ratio of 2.95, a quick ratio of 1.78 and a debt-to-equity ratio of 70.47.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The firm had revenue of C$553.46 million for the quarter, compared to the consensus estimate of C$538.23 million. CES Energy Solutions had a return on equity of 24.41% and a net margin of 7.15%. Equities research analysts predict that CES Energy Solutions Corp. will post 0.6391403 EPS for the current fiscal year.

CES Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a $0.03 dividend. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.12 annualized dividend and a yield of 2.00%. CES Energy Solutions’s payout ratio is 19.67%.

Insider Buying and Selling

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the 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 other news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of C$5.55, for a total transaction of C$127,650.00. Also, Senior Officer Anthony Michael Aulicino sold 150,360 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$4.71, for a total value of C$708,060.28. In the last ninety days, insiders have sold 498,360 shares of company stock valued at $2,417,920. 2.35% of the stock is currently owned by company 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.