CES Energy Solutions Corp. (CEU) to Post FY2018 Earnings of $0.19 Per Share, National Bank Financial Forecasts
CES Energy Solutions Corp. (TSE:CEU) – Equities researchers at National Bank Financial increased their FY2018 earnings per share estimates for CES Energy Solutions Corp. in a research report issued on Thursday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings of $0.19 per share for the year, up from their prior estimate of $0.15.
Several other research firms also recently issued reports on CEU. GMP Securities upped their target price on CES Energy Solutions Corp. from C$8.00 to C$9.00 in a research report on Wednesday, October 18th. Canaccord Genuity upped their target price on CES Energy Solutions Corp. from C$7.50 to C$8.00 in a research report on Monday, August 14th. Finally, Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a C$8.50 target price on shares of CES Energy Solutions Corp. in a research report on Wednesday, August 30th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. CES Energy Solutions Corp. presently has a consensus rating of “Buy” and a consensus price target of C$9.08.
CES Energy Solutions Corp. (TSE CEU) opened at C$6.59 on Monday. CES Energy Solutions Corp. has a 12-month low of C$4.94 and a 12-month high of C$8.65.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.0025 per share. This represents a $0.03 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, October 30th. CES Energy Solutions Corp.’s dividend payout ratio is currently -300.00%.
In other CES Energy Solutions Corp. news, Director Thomas James Simons sold 152,455 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of C$5.35, for a total transaction of C$815,634.25. Also, Director Burton Joel Ahrens sold 10,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$5.53, for a total value of C$55,300.00. Insiders have sold a total of 317,811 shares of company stock worth $1,702,011 over the last ninety days.
About CES Energy Solutions Corp.
CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total 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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