CES Energy Solutions (TSE:CEU) Sets New 1-Year High – Here’s What Happened

CES Energy Solutions Corp. (TSE:CEU) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$10.06 and last traded at C$10.00, with a volume of 160024 shares traded. The stock had previously closed at C$9.92.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CEU shares. National Bankshares boosted their price target on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Atb Cap Markets downgraded CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Raymond James lifted their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Royal Bank of Canada boosted their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Finally, ATB Capital raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CES Energy Solutions presently has an average rating of “Moderate Buy” and an average price target of C$10.59.

CES Energy Solutions Price Performance

The stock has a market capitalization of C$2.34 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. The stock has a fifty day moving average of C$9.28 and a 200-day moving average of C$8.20.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The business had revenue of C$606.52 million during the quarter, compared to analysts’ expectations of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. On average, equities research analysts predict that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is currently 15.38%.

Insider Buying and Selling

In other CES Energy Solutions news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$9.13, for a total transaction of C$498,215.55. Also, Senior Officer Anthony Michael Aulicino sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of C$9.85, for a total value of C$197,000.00. Insiders have sold 115,564 shares of company stock worth $1,033,999 in the last quarter. 3.03% of the stock is owned by insiders.

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.