CES Energy Solutions Corp. (TSE:CEU – Get Rating) – Research analysts at Raymond James lifted their FY2022 earnings per share (EPS) estimates for CES Energy Solutions in a report issued on Friday, September 16th. Raymond James analyst A. Bradford now anticipates that the company will post earnings per share of $0.32 for the year, up from their previous forecast 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.
Get CES Energy Solutions alerts:CEU has been the subject of several other reports. National Bank Financial upgraded CES Energy Solutions from a "sector perform overweight" rating to an "outperform overweight" rating in a research report on Monday, July 4th. Royal Bank of Canada raised their price target on CES Energy Solutions from C$3.50 to C$4.00 and gave the stock an "outperform" rating in a research report on Friday, August 12th. National Bankshares lifted their target price on CES Energy Solutions from C$3.50 to C$3.70 and gave the company an "outperform" rating in a report on Monday, August 15th. ATB Capital lifted their target price on CES Energy Solutions from C$4.25 to C$5.25 in a report on Friday, August 12th. Finally, BMO Capital Markets lifted their target price on CES Energy Solutions from C$3.50 to C$4.00 in a report on Friday, August 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$4.28.
CES Energy Solutions Trading Down 5.2 %
CEU opened at C$2.39 on Monday. CES Energy Solutions has a 52 week low of C$1.36 and a 52 week high of C$3.11. The business has a fifty day simple moving average of C$2.50 and a 200-day simple moving average of C$2.52. The firm has a market cap of C$612.50 million and a P/E ratio of 8.85. The company has a quick ratio of 1.68, a current ratio of 3.35 and a debt-to-equity ratio of 98.89.CES Energy Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.016 per share. This represents a $0.06 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Wednesday, September 28th. CES Energy Solutions's dividend payout ratio (DPR) is 23.70%.
About CES Energy Solutions
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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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