CES Energy Solutions Corp Forecasted to Post FY2017 Earnings of $0.06 Per Share (TSE:CEU)
CES Energy Solutions Corp (TSE:CEU) – Clarus Securities lifted their FY2017 earnings per share (EPS) estimates for shares of CES Energy Solutions Corp in a report released on Friday. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings of $0.06 per share for the year, up from their prior forecast of $0.05.
Several other analysts have also weighed in on the stock. Raymond James Financial, Inc. lifted their target price on shares of CES Energy Solutions Corp from C$7.50 to C$8.75 and gave the company a “strong-buy” rating in a research report on Friday, May 19th. BMO Capital Markets reiterated an “outperform” rating and set a C$9.00 target price on shares of CES Energy Solutions Corp in a research report on Monday, May 15th. Finally, Canaccord Genuity decreased their target price on shares of CES Energy Solutions Corp from C$10.00 to C$9.50 and set a “buy” rating on the stock in a research report on Monday, May 15th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$7.67.
CES Energy Solutions Corp (CEU) opened at 6.30 on Monday. CES Energy Solutions Corp has a one year low of $5.27 and a one year high of $6.51. The firm has a 50-day moving average of $5.90 and a 200-day moving average of $6.92. The company’s market cap is $1.67 billion.
In other CES Energy Solutions Corp news, insider Kenneth Earl Zinger sold 20,000 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of C$5.80, for a total value of C$116,000.00. Also, Director Donald Michael Godfre Stewart sold 18,361 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of C$7.30, for a total transaction of C$134,035.30. Over the last 90 days, insiders sold 82,267 shares of company stock worth $560,228.
The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th will be given a $0.0025 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.03 dividend on an annualized basis and a yield of 0.48%.
About CES Energy Solutions Corp
CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total 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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