CES Energy Solutions Corp (TSE:CEU) – Analysts at National Bank Financial cut their Q4 2018 earnings per share (EPS) estimates for CES Energy Solutions in a research note issued on Thursday, August 9th. National Bank Financial analyst G. Colman now forecasts that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.05. National Bank Financial currently has a “Outperform” rating and a $7.00 target price on the stock. National Bank Financial also issued estimates for CES Energy Solutions’ FY2019 earnings at $0.16 EPS.
A number of other brokerages have also commented on CEU. Raymond James cut their target price on CES Energy Solutions from C$8.50 to C$7.50 and set a “strong-buy” rating for the company in a research note on Friday, May 18th. Scotiabank cut their target price on CES Energy Solutions from C$10.50 to C$10.00 and set an “outperform” rating for the company in a research note on Friday, May 11th. Canaccord Genuity cut their target price on CES Energy Solutions from C$8.00 to C$7.25 in a research note on Tuesday, July 10th. BMO Capital Markets cut their target price on CES Energy Solutions from C$9.00 to C$8.00 in a research note on Monday. Finally, AltaCorp Capital restated an “outperform” rating on shares of CES Energy Solutions in a research note on Wednesday, April 18th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. CES Energy Solutions presently has a consensus rating of “Buy” and an average price target of C$8.16.
In other CES Energy Solutions news, insider Kenneth Earl Zinger bought 10,000 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were bought at an average price of C$4.68 per share, for a total transaction of C$46,800.00. Also, Director Kenneth Dale Zandee sold 8,554 shares of the stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of C$5.54, for a total value of C$47,389.16. Over the last quarter, insiders acquired 15,331 shares of company stock worth $71,484 and sold 29,102 shares worth $148,705.
The business also recently declared a monthly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 15th will be given a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.28%. This is a boost from CES Energy Solutions’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Monday, July 30th.
CES Energy Solutions Company Profile
CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.
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