National Bank Financial Weighs in on CES Energy Solutions Corp’s Q1 2019 Earnings (CEU)

CES Energy Solutions Corp (TSE:CEU) – Research analysts at National Bank Financial issued their Q1 2019 earnings per share (EPS) estimates for CES Energy Solutions in a research note issued to investors on Tuesday, March 12th. National Bank Financial analyst G. Colman expects that the company will earn $0.02 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $5.00 target price on the stock. National Bank Financial also issued estimates for CES Energy Solutions’ Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.03 EPS, Q4 2019 earnings at $0.03 EPS and FY2019 earnings at $0.08 EPS.

A number of other equities analysts have also recently commented on the stock. Raymond James cut shares of CES Energy Solutions from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from C$7.00 to C$5.00 in a research report on Monday, February 4th. Canaccord Genuity reduced their target price on shares of CES Energy Solutions from C$5.50 to C$4.75 in a research report on Thursday, November 22nd. Alliance Global Partners reduced their target price on shares of CES Energy Solutions from C$7.00 to C$5.00 in a research report on Thursday. GMP Securities reduced their target price on shares of CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday. Finally, Cormark reduced their target price on shares of CES Energy Solutions from C$6.50 to C$4.50 in a research report on Thursday. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. CES Energy Solutions currently has an average rating of “Buy” and a consensus target price of C$5.88.

CEU stock opened at C$2.91 on Friday. The company has a debt-to-equity ratio of 72.49, a current ratio of 3.43 and a quick ratio of 1.91. CES Energy Solutions has a one year low of C$2.85 and a one year high of C$6.73. The firm has a market cap of $784.63 million and a price-to-earnings ratio of 22.38.

In related news, insider John Michael Hooks sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of C$3.26, for a total transaction of C$65,214.00. Following the completion of the sale, the insider now owns 1,512,171 shares of the company’s stock, valued at C$4,930,735.98.

The company also recently disclosed a monthly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 15th were given a dividend of $0.005 per share. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $0.06 annualized dividend and a yield of 2.06%. CES Energy Solutions’s dividend payout ratio is 30.77%.

CES Energy Solutions Company Profile

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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