CES Energy Solutions (CEU) Set to Announce Quarterly Earnings on Wednesday

CES Energy Solutions (TSE:CEU) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. The firm had revenue of C$553.46 million during 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%.

CES Energy Solutions Stock Up 1.6 %

Shares of TSE:CEU opened at C$5.74 on Tuesday. The company’s fifty day moving average is C$5.12 and its two-hundred day moving average is C$4.20. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95. CES Energy Solutions has a 1-year low of C$2.30 and a 1-year high of C$5.83. The stock has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46.

CES Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were issued a dividend of $0.03 per share. The ex-dividend date 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 annualized dividend and a dividend yield of 2.09%. CES Energy Solutions’s dividend payout ratio is 19.67%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Scotiabank boosted their target price on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. BMO Capital Markets increased their price objective on CES Energy Solutions from C$6.00 to C$8.00 in a report on Tuesday, April 23rd. Royal Bank of Canada raised their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Friday, March 1st. ATB Capital increased their price target on CES Energy Solutions from C$5.25 to C$6.50 in a research note on Wednesday, April 3rd. Finally, Raymond James raised their price target on 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. 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 an average price target of C$6.70.

Insider Buying and Selling

In related news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the business’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 related 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. Also, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. In the last ninety days, insiders sold 498,360 shares of company stock valued at $2,417,920. Corporate insiders own 2.35% 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.