TSE:CEU FY2024 EPS Lifted by National Bank Financial

CES Energy Solutions Corp. (TSE:CEU) – Equities research analysts at National Bank Financial increased their FY2024 EPS estimates for CES Energy Solutions in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst D. Payne now anticipates that the company will post earnings per share of $0.84 for the year, up from their previous estimate of $0.83. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share.

CEU has been the topic of several other reports. Scotiabank increased their price target on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. ATB Capital increased their price target on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. TD Securities increased their price target on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research report on Wednesday, July 17th. Royal Bank of Canada raised their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday. Finally, National Bankshares raised 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 research report on Monday, July 29th. One investment 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. Based on data from MarketBeat.com, CES Energy Solutions currently has a consensus rating of “Buy” and an average target price of C$9.97.

CES Energy Solutions Stock Up 10.0 %

CEU opened at C$9.34 on Friday. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. CES Energy Solutions has a 1-year low of C$3.28 and a 1-year high of C$9.43. The company has a market capitalization of C$2.19 billion, a PE ratio of 11.97, a PEG ratio of 0.61 and a beta of 2.31. The firm’s 50 day simple moving average is C$7.71 and its two-hundred day simple moving average is C$7.33.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.05). CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The business had revenue of C$553.20 million during the quarter, compared to the consensus estimate of C$544.70 million.

CES Energy Solutions Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.28%. CES Energy Solutions’s dividend payout ratio is currently 15.38%.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Director John Michael Hooks sold 4,382 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$32,952.64. In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of CES Energy Solutions stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total value of C$174,357.02. Also, Director John Michael Hooks sold 4,382 shares of CES Energy Solutions stock in a transaction 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. In the last ninety days, insiders have sold 400,478 shares of company stock worth $2,927,940. 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.