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

CES Energy Solutions Corp. (TSE:CEU) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$9.78 and last traded at C$9.49, with a volume of 708161 shares changing hands. The stock had previously closed at C$9.77.

Analyst Upgrades and Downgrades

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

CES Energy Solutions Stock Performance

The company has a market capitalization of C$2.22 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.61 and a beta of 2.31. 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 company’s 50-day moving average price is C$8.06 and its two-hundred day moving average price is C$7.61.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 earnings per share 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 firm had revenue of C$606.52 million during the quarter, compared to analyst estimates of C$582.25 million. On average, equities research analysts anticipate that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Insider Activity at CES Energy Solutions

In related news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$9.13, for a total value of C$498,215.55. Also, Director Michael Hallat sold 22,610 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total value of C$174,357.02. Insiders have sold 472,732 shares of company stock worth $3,584,982 in the last quarter. 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.