Raymond James Comments on CES Energy Solutions Corp.’s FY2022 Earnings (TSE:CEU)

CES Energy Solutions Corp. (TSE:CEUGet Rating) – Equities researchers at Raymond James increased their FY2022 EPS estimates for CES Energy Solutions in a report issued on Friday, September 16th. Raymond James analyst A. Bradford now expects that the company will post earnings of $0.32 per share for the year, up from their prior estimate of $0.24. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.47 per share. Raymond James also issued estimates for CES Energy Solutions’ FY2023 earnings at $0.45 EPS.

A number of other research firms have also recently issued reports on CEU. Royal Bank of Canada boosted their price objective on shares of CES Energy Solutions from C$3.50 to C$4.00 and gave the company an “outperform” rating in a research report on Friday, August 12th. National Bankshares lifted their target price on shares of CES Energy Solutions from C$3.50 to C$3.70 and gave the company an “outperform” rating in a research note on Monday, August 15th. ATB Capital lifted their target price on shares of CES Energy Solutions from C$4.25 to C$5.25 in a research note on Friday, August 12th. Stifel Nicolaus lifted their target price on shares of CES Energy Solutions from C$3.75 to C$4.50 in a research note on Friday, August 12th. Finally, TD Securities lifted their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company a “buy” rating in a research note on Friday, August 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$4.28.

CES Energy Solutions Price Performance

CEU stock opened at C$2.39 on Monday. The firm’s 50-day moving average price is C$2.50 and its two-hundred day moving average price is C$2.52. CES Energy Solutions has a 12-month low of C$1.36 and a 12-month high of C$3.11. The stock has a market capitalization of C$612.50 million and a price-to-earnings ratio of 8.85. The company has a current ratio of 3.35, a quick ratio of 1.68 and a debt-to-equity ratio of 98.89.

CES Energy Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.016 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.06 annualized dividend and a dividend yield of 2.68%. CES Energy Solutions’s dividend payout ratio is presently 23.70%.

About CES Energy Solutions

(Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

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

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