FY2019 EPS Estimates for CES Energy Solutions Corp (TSE:CEU) Lifted by National Bank Financial

CES Energy Solutions Corp (TSE:CEU) – Investment analysts at National Bank Financial upped their FY2019 earnings per share estimates for shares of CES Energy Solutions in a research report issued to clients and investors on Thursday, November 14th. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of $0.09 per share for the year, up from their prior forecast of $0.08. National Bank Financial currently has a “Outperform” rating and a $3.50 target price on the stock. National Bank Financial also issued estimates for CES Energy Solutions’ Q4 2019 earnings at $0.02 EPS and FY2020 earnings at $0.15 EPS.

A number of other research analysts have also recently weighed in on the stock. Royal Bank of Canada upgraded shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$3.00 to C$3.50 in a research note on Monday, August 12th. Canaccord Genuity lifted their target price on shares of CES Energy Solutions from C$3.25 to C$3.50 in a research note on Monday, August 12th. BMO Capital Markets cut shares of CES Energy Solutions from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$4.00 to C$2.00 in a research note on Friday, August 9th. Finally, Raymond James restated a “strong-buy” rating and set a C$3.25 target price on shares of CES Energy Solutions in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CES Energy Solutions has an average rating of “Buy” and an average target price of C$3.53.

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CEU opened at C$1.83 on Monday. The company has a debt-to-equity ratio of 60.86, a quick ratio of 1.73 and a current ratio of 3.38. CES Energy Solutions has a fifty-two week low of C$1.68 and a fifty-two week high of C$3.67. The firm’s fifty day moving average is C$1.93 and its 200 day moving average is C$2.10. The stock has a market cap of $498.03 million and a price-to-earnings ratio of 15.25.

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 13th will be paid a dividend of $0.005 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, November 26th. CES Energy Solutions’s dividend payout ratio (DPR) is 50.00%.

About CES Energy Solutions

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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Earnings History and Estimates for CES Energy Solutions (TSE:CEU)

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