CES Energy Solutions Corp (TSE:CEU) – Equities research analysts at Cormark lowered their FY2019 earnings per share estimates for CES Energy Solutions in a report released on Monday, May 13th. Cormark analyst B. Watson now anticipates that the company will post earnings per share of $0.16 for the year, down from their prior estimate of $0.21. Cormark also issued estimates for CES Energy Solutions’ Q4 2019 earnings at $0.06 EPS and Q1 2020 earnings at $0.06 EPS.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Tuesday, March 12th. The company reported C$0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.04 by C$0.02. The business had revenue of C$347.91 million during the quarter, compared to analysts’ expectations of C$323.05 million.

Other equities analysts also recently issued reports about the company. Canaccord Genuity lowered their price objective on CES Energy Solutions from C$4.75 to C$4.25 in a research report on Wednesday, March 20th. Alliance Global Partners decreased their target price on CES Energy Solutions from C$7.00 to C$5.00 in a research report on Thursday, March 14th. GMP Securities decreased their target price on CES Energy Solutions from C$3.50 to C$3.00 in a research report on Thursday, March 14th. BMO Capital Markets decreased their target price on CES Energy Solutions from C$5.00 to C$4.00 in a research report on Monday. Finally, Clarus Securities reiterated a “buy” rating on shares of CES Energy Solutions in a research report on Wednesday, March 13th.

Shares of CES Energy Solutions stock opened at C$2.45 on Wednesday. CES Energy Solutions has a 52 week low of C$2.25 and a 52 week high of C$5.77. The stock has a market capitalization of $654.07 million and a PE ratio of 18.15. The company has a current ratio of 3.76, a quick ratio of 2.10 and a debt-to-equity ratio of 69.70.

The company also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were given a $0.005 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.45%. CES Energy Solutions’s dividend payout ratio is currently 40.74%.

In other CES Energy Solutions news, Director John Michael Hooks sold 8,785 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of C$2.85, for a total transaction of C$25,031.10. Following the sale, the director now directly owns 1,463,725 shares in the company, valued at C$4,170,591.64. Also, Director Thomas James Simons acquired 8,900 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were bought at an average price of C$2.89 per share, for a total transaction of C$25,704.98. Following the completion of the transaction, the director now owns 2,322,742 shares of the company’s stock, valued at C$6,708,543.44.

CES Energy Solutions Company Profile

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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