CES Energy Solutions (TSE:CEU) Hits New 12-Month High – Should You Buy?

CES Energy Solutions Corp. (TSE:CEU)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$9.80 and last traded at C$9.80, with a volume of 395771 shares traded. The stock had previously closed at C$9.66.

Analyst Ratings Changes

A number of research analysts have issued reports on CEU shares. Royal Bank of Canada upped their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. ATB Capital increased their price objective on shares of CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. Raymond James lifted their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Scotiabank increased their price target on CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Finally, BMO Capital Markets raised their price target on CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$10.16.

CES Energy Solutions Trading Up 1.3 %

The company has a debt-to-equity ratio of 51.40, a current ratio of 3.18 and a quick ratio of 1.78. The business’s 50-day moving average price is C$8.29 and its two-hundred day moving average price is C$7.72. The company has a market capitalization of C$2.29 billion, a P/E ratio of 12.38, a PEG ratio of 0.61 and a beta of 2.31.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings results on Wednesday, November 6th. 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. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The company had revenue of C$606.52 million during the quarter, compared to the consensus estimate of C$582.25 million. As a group, analysts forecast that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.03 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Insider Transactions at CES Energy Solutions

In other news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$547,350.72. Also, Director John Michael Hooks sold 4,382 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$32,952.64. Insiders sold 472,732 shares of company stock valued at $3,584,982 over the last three months. Company insiders own 3.03% of the company’s stock.

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.