CES Energy Solutions Corp (TSE:CEU) – Stock analysts at Clarus Securities lowered their Q3 2019 earnings per share (EPS) estimates for CES Energy Solutions in a report released on Thursday, May 16th. Clarus Securities analyst S. Kammermayer now expects that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.07. Clarus Securities has a “Buy” rating on the stock. Clarus Securities also issued estimates for CES Energy Solutions’ Q4 2019 earnings at $0.04 EPS, Q1 2020 earnings at $0.05 EPS, Q2 2020 earnings at $0.02 EPS, Q3 2020 earnings at $0.06 EPS, Q4 2020 earnings at $0.06 EPS and FY2020 earnings at $0.19 EPS.

CES Energy Solutions (TSE:CEU) last announced its earnings results on Tuesday, March 12th. The company reported C$0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.04 by C$0.02. The firm had revenue of C$347.91 million during the quarter, compared to analyst estimates of C$323.05 million.

Several other research analysts have also weighed in on the company. Raymond James lowered CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from C$7.00 to C$5.00 in a research report on Monday, February 4th. National Bank Financial lowered their price target on CES Energy Solutions from C$6.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 13th. GMP Securities lowered their price target on CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday, March 14th. Cormark lowered their price target on CES Energy Solutions from C$6.50 to C$4.50 in a research report on Thursday, March 14th. Finally, Alliance Global Partners lowered their price target on CES Energy Solutions from C$7.00 to C$5.00 in a research report on Thursday, March 14th.

Shares of CES Energy Solutions stock opened at C$2.40 on Monday. CES Energy Solutions has a 52-week low of C$2.25 and a 52-week high of C$5.64. The company has a market capitalization of $643.40 million and a P/E ratio of 17.78. The company has a current ratio of 3.76, a quick ratio of 2.10 and a debt-to-equity ratio of 69.70.

In other CES Energy Solutions news, Director Thomas James Simons bought 8,900 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were acquired at an average cost of C$2.89 per share, with a total value of C$25,704.98. Following the acquisition, the director now owns 2,322,742 shares of the company’s stock, valued at C$6,708,543.44. Also, Director John Michael Hooks sold 8,785 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of C$2.85, for a total value of C$25,031.10. Following the transaction, the director now directly owns 1,463,725 shares in the company, valued at C$4,170,591.64.

The business also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Monday, April 29th. CES Energy Solutions’s dividend payout ratio (DPR) is 40.74%.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides 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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Earnings History and Estimates for CES Energy Solutions (TSE:CEU)

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