Equities Analysts Offer Predictions for CES Energy Solutions Corp’s Q3 2018 Earnings (CEU)

CES Energy Solutions Corp (TSE:CEU) – Research analysts at Clarus Securities upped their Q3 2018 earnings estimates for shares of CES Energy Solutions in a report issued on Monday, according to Zacks Investment Research. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings per share of $0.07 for the quarter, up from their prior forecast of $0.06. Clarus Securities currently has a “Buy” rating on the stock.

Several other research analysts also recently weighed in on the stock. GMP Securities upped their target price on shares of CES Energy Solutions from C$9.50 to C$10.00 in a research note on Monday, March 5th. TD Securities restated a “buy” rating and issued a C$8.50 target price on shares of CES Energy Solutions in a research note on Friday, February 23rd. Finally, Raymond James Financial restated a “strong-buy” rating and issued a C$8.50 target price on shares of CES Energy Solutions in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$8.80.

Shares of CES Energy Solutions (TSE:CEU) traded down C$0.19 during mid-day trading on Tuesday, hitting C$5.56. 355,600 shares of the stock traded hands, compared to its average volume of 529,232. The stock has a market capitalization of $1,490.00, a P/E ratio of 55.60 and a beta of 1.01. CES Energy Solutions has a fifty-two week low of C$4.94 and a fifty-two week high of C$7.57.

In other CES Energy Solutions news, Director Burton Joel Ahrens sold 7,000 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of C$5.75, for a total transaction of C$40,250.00.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.0025 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.03 dividend on an annualized basis and a yield of 0.54%. CES Energy Solutions’s dividend payout ratio (DPR) is 30.00%.

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CES Energy Solutions Company Profile

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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