CES Energy Solutions Corp. (TSE:CEU – Get Rating) – Research analysts at Raymond James increased their FY2022 earnings per share estimates for shares of CES Energy Solutions in a note issued to investors on Friday, September 16th. Raymond James analyst A. Bradford now expects that the company will earn $0.32 per share for the year, up from their previous estimate of $0.24. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.47 per share. Raymond James also issued estimates for CES Energy Solutions’ FY2023 earnings at $0.45 EPS.
Several other brokerages have also recently weighed in on CEU. Scotiabank upped their target price on CES Energy Solutions from C$3.60 to C$3.90 in a report on Monday, August 15th. TD Securities upped their target price on CES Energy Solutions from C$5.00 to C$5.50 and gave the stock a “buy” rating in a report on Friday, August 12th. National Bankshares upped their target price on CES Energy Solutions from C$3.50 to C$3.70 and gave the stock an “outperform” rating in a report on Monday, August 15th. Stifel Nicolaus upped their target price on CES Energy Solutions from C$3.75 to C$4.50 in a report on Friday, August 12th. Finally, National Bank Financial raised CES Energy Solutions from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Monday, July 4th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$4.28.
CES Energy Solutions Price Performance
Shares of CEU stock opened at C$2.39 on Monday. CES Energy Solutions has a twelve month low of C$1.36 and a twelve month high of C$3.11. The stock has a market capitalization of C$612.50 million and a price-to-earnings ratio of 8.85. The stock has a fifty day simple moving average of C$2.50 and a two-hundred day simple moving average of C$2.52. The company has a current ratio of 3.35, a quick ratio of 1.68 and a debt-to-equity ratio of 98.89.
CES Energy Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.016 per share. This represents a $0.06 annualized dividend and a yield of 2.68%. The ex-dividend date is Wednesday, September 28th. CES Energy Solutions’s dividend payout ratio is currently 23.70%.
About CES Energy Solutions
CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company’s solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.
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Read More: CES Energy Solutions Corp. Forecasted to Post FY2022 Earnings of $0.32 Per Share (TSE:CEU)