CES Energy Solutions (TSE:CEU) Price Target Cut to C$3.25 by Analysts at Canaccord Genuity

CES Energy Solutions (TSE:CEU) had its price objective decreased by Canaccord Genuity from C$3.50 to C$3.25 in a research note released on Tuesday, BayStreet.CA reports.

A number of other equities research analysts have also commented on CEU. Alliance Global Partners dropped their price target on CES Energy Solutions from C$7.00 to C$5.00 in a research report on Thursday, March 14th. BMO Capital Markets raised their price target on Air Products & Chemicals to $235.00 and gave the stock an outperform rating in a research report on Monday, May 13th. Cormark lowered Superior Gold from a buy rating to a market perform rating and dropped their price target for the stock from C$1.05 to C$0.80 in a research report on Thursday, March 14th. GMP Securities dropped their price target on CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday, March 14th. Finally, Royal Bank of Canada set a $184.00 price objective on Jazz Pharmaceuticals and gave the stock a buy rating in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of C$4.36.

TSE:CEU opened at C$2.18 on Tuesday. CES Energy Solutions has a 1-year low of C$2.15 and a 1-year high of C$5.13. The firm has a 50-day moving average of C$2.28. The company has a quick ratio of 2.10, a current ratio of 3.76 and a debt-to-equity ratio of 69.70. The firm has a market capitalization of $592.67 million and a price-to-earnings ratio of 16.77.

CES Energy Solutions (TSE:CEU) last released its earnings results on Thursday, May 9th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.02). The business had revenue of C$332.99 million during the quarter, compared to analysts’ expectations of C$318.23 million. As a group, sell-side analysts expect that CES Energy Solutions will post 0.22 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.06 annualized dividend and a yield of 2.75%. CES Energy Solutions’s payout ratio is currently 42.31%.

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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Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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