CES Energy Solutions (CEU) Set to Announce Earnings on Friday

CES Energy Solutions (TSE:CEU) will post its quarterly earnings results before the market opens on Friday, August 9th. Analysts expect CES Energy Solutions to post earnings of C$0.25 per share for the quarter.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.23 EPS for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.08. The company had revenue of C$588.58 million during the quarter, compared to the consensus estimate of C$555.63 million. CES Energy Solutions had a net margin of 8.02% and a return on equity of 26.28%.

CES Energy Solutions Stock Up 0.4 %

Shares of CES Energy Solutions stock opened at C$7.30 on Thursday. The company has a market cap of C$1.72 billion, a P/E ratio of 10.28, a PEG ratio of 0.61 and a beta of 2.41. The company has a debt-to-equity ratio of 60.16, a quick ratio of 1.78 and a current ratio of 2.76. CES Energy Solutions has a one year low of C$2.88 and a one year high of C$8.35. The firm has a fifty day moving average of C$7.43 and a two-hundred day moving average of C$5.92.

Insider Buying and Selling at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the firm’s stock in a transaction dated Thursday, July 4th. The shares were sold at an average price of C$7.55, for a total transaction of C$411,527.85. In other news, Senior Officer Kenneth Earl Zinger purchased 200,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were bought at an average cost of C$7.03 per share, with a total value of C$1,405,600.00. Also, Senior Officer Anthony Michael Aulicino sold 54,507 shares of the firm’s stock in a transaction dated Thursday, July 4th. The stock was sold at an average price of C$7.55, for a total transaction of C$411,527.85. In the last three months, insiders sold 106,043 shares of company stock worth $788,155. 2.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CEU has been the subject of a number of research analyst reports. ATB Capital increased their price target on shares of CES Energy Solutions from C$8.25 to C$8.50 and gave the company an “outperform” rating in a report on Friday, June 28th. Scotiabank increased their price target on shares of CES Energy Solutions from C$5.85 to C$8.50 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Raymond James increased their price target on shares of CES Energy Solutions from C$6.75 to C$8.50 in a report on Friday, May 10th. TD Securities increased their price target on shares of CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. Finally, Stifel Nicolaus increased their price target on shares of CES Energy Solutions from C$7.50 to C$8.50 in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$8.53.

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.