CES Energy Solutions (TSE:CEU) Hits New 52-Week High – What’s Next?

CES Energy Solutions Corp. (TSE:CEU)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$9.43 and last traded at C$9.40, with a volume of 2253798 shares traded. The stock had previously closed at C$9.00.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CEU shares. ATB Capital upped their target price on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research note on Friday, August 9th. Scotiabank increased their price objective on CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. Raymond James lifted their target price on CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Royal Bank of Canada upped their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Finally, National Bankshares lifted their price objective on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a report on Monday, July 29th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CES Energy Solutions has an average rating of “Buy” and a consensus target price of C$10.16.

CES Energy Solutions Stock Performance

The stock has a market capitalization of C$2.24 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.61 and a beta of 2.31. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. The stock has a 50 day simple moving average of C$7.96 and a two-hundred day simple moving average of C$7.55.

CES Energy Solutions (TSE:CEU) last released its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The business had revenue of C$606.52 million during the quarter, compared to analysts’ expectations of C$582.25 million. On average, equities analysts forecast that CES Energy Solutions Corp. will post 0.8600646 EPS for the current fiscal year.

CES Energy Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. CES Energy Solutions’s dividend payout ratio is presently 15.38%.

Insider Activity at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total value of C$547,350.72. Also, Director John Michael Hooks sold 300,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. In the last ninety days, insiders sold 472,732 shares of company stock worth $3,584,982. 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.