TD Securities Raises CES Energy Solutions (TSE:CEU) Price Target to C$7.00

CES Energy Solutions (TSE:CEU) had its price target boosted by TD Securities from C$6.00 to C$7.00 in a report published on Thursday morning, BayStreet.CA reports.

A number of other analysts have also weighed in on the stock. Scotiabank upped their target price on shares of CES Energy Solutions from C$5.30 to C$5.85 in a report on Monday, March 4th. BMO Capital Markets boosted their price target on shares of CES Energy Solutions from C$5.50 to C$6.00 in a research note on Thursday, March 28th. Raymond James boosted their price target on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the stock a strong-buy rating in a research note on Monday, March 4th. Stifel Nicolaus boosted their price target on shares of CES Energy Solutions from C$5.50 to C$7.50 in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada boosted their price target on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an outperform rating in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Buy and an average target price of C$6.23.

CES Energy Solutions Stock Performance

TSE CEU opened at C$5.34 on Thursday. The company’s 50 day moving average is C$4.77 and its 200-day moving average is C$4.03. CES Energy Solutions has a 12-month low of C$2.30 and a 12-month high of C$5.80. The company has a quick ratio of 1.78, a current ratio of 2.95 and a debt-to-equity ratio of 70.47. The firm has a market cap of C$1.26 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Thursday, February 29th. The company reported C$0.20 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. The business had revenue of C$553.46 million for the quarter, compared to analyst estimates of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. Sell-side analysts predict that CES Energy Solutions will post 0.6553738 earnings per share for the current year.

CES Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a $0.03 dividend. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.25%. CES Energy Solutions’s dividend payout ratio is 19.67%.

Insider Activity

In other news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of C$5.55, for a total value of C$127,650.00. In other CES Energy Solutions news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of C$5.55, for a total transaction of C$127,650.00. Also, Director Kyle Kitagawa sold 50,000 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$5.33, for a total transaction of C$266,500.00. In the last 90 days, insiders sold 498,360 shares of company stock valued at $2,417,920. Corporate insiders own 2.35% of the company’s stock.

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.