CES Energy Solutions (TSE:CEU) Sets New 52-Week High – Time to Buy?

CES Energy Solutions Corp. (TSE:CEU)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$9.80 and last traded at C$9.80, with a volume of 395771 shares. The stock had previously closed at C$9.66.

Analysts Set New Price Targets

CEU has been the topic of a number of recent research reports. BMO Capital Markets raised their price target on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Royal Bank of Canada lifted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. ATB Capital lifted their price objective on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. Raymond James lifted their price objective on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Finally, Scotiabank raised their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$10.16.

CES Energy Solutions Trading Down 0.7 %

The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. The firm has a market cap of C$2.29 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 0.61 and a beta of 2.31. The company’s 50-day moving average is C$8.38 and its 200-day moving average is C$7.76.

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

CES Energy Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 annualized dividend and a yield of 1.23%. CES Energy Solutions’s dividend payout ratio (DPR) is currently 15.38%.

Insiders Place Their Bets

In related news, Director John Michael Hooks sold 4,382 shares of CES Energy Solutions stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total transaction of C$32,952.64. Also, Senior Officer Kenneth Earl Zinger sold 72,786 shares of CES Energy Solutions 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. Over the last quarter, insiders have sold 492,732 shares of company stock valued at $3,781,982. Insiders own 3.03% of the company’s stock.

About CES Energy Solutions

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.