National Bankshares Boosts CES Energy Solutions (TSE:CEU) Price Target to C$6.50

CES Energy Solutions (TSE:CEU) had its price target upped by National Bankshares from C$4.75 to C$6.50 in a report issued on Wednesday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other research analysts also recently commented on the stock. Scotiabank raised their price target on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. Stifel Nicolaus increased their target price on shares of CES Energy Solutions from C$5.50 to C$7.50 in a report on Wednesday, April 3rd. Royal Bank of Canada increased their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the stock an outperform rating in a report on Friday, March 1st. Raymond James raised their price target on shares of CES Energy Solutions from C$6.50 to C$6.75 and gave the company a strong-buy rating in a report on Monday, March 4th. Finally, TD Securities raised their price target on shares of CES Energy Solutions from C$6.00 to C$7.00 in a report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Buy and a consensus target price of C$6.70.

CES Energy Solutions Trading Up 5.2 %

CEU stock opened at C$5.68 on Wednesday. The company has a market capitalization of C$1.34 billion, a PE ratio of 8.85, a P/E/G ratio of 0.61 and a beta of 2.46. CES Energy Solutions has a 12 month low of C$2.30 and a 12 month high of C$5.80. The firm’s 50-day moving average is C$4.90 and its 200 day moving average is C$4.10. The company has a debt-to-equity ratio of 70.47, a current ratio of 2.95 and a quick ratio of 1.78.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.06. The company had revenue of C$553.46 million for the quarter, compared to the consensus estimate of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. On average, research analysts anticipate that CES Energy Solutions will post 0.6553738 EPS for the current year.

CES Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a yield of 2.11%. CES Energy Solutions’s dividend payout ratio (DPR) is currently 19.67%.

Insiders Place Their Bets

In other CES Energy Solutions news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the firm’s stock in a transaction that occurred 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. In other news, Director Kyle Kitagawa sold 50,000 shares of CES Energy Solutions stock in a transaction that occurred 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. Also, insider EdgePoint Investment Group Inc. sold 23,000 shares of CES Energy Solutions stock in a transaction that occurred 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. In the last ninety days, insiders sold 498,360 shares of company stock valued at $2,417,920. 2.35% 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.