12:08:43 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



CES Energy Solutions Corp
Symbol CEU
Shares Issued 237,243,366
Close 2023-12-29 C$ 3.45
Market Cap C$ 818,489,613
Recent Sedar Documents

Globe says CES Energy added to Megastar portfolio

2024-01-02 07:37 ET - In the News

The Globe and Mail reports in its Saturday, Dec. 30, edition that its Megastar portfolio outperformed the market by 9.4 percentage points since last year. The Globe's Norman Rothery writes that CES Energy Solutions has been added to this year's Megastar portfolio. It is one of The Globe's top 20 picks for this year. CES Energy Solutions makes its home in Calgary and it provides consumable chemicals to the oil patch. The company happens to be the smallest member of the portfolio this year, with a market capitalization near $840-million. It trades at six times trailing earnings, pays a dividend yield of 2.9 per cent and cut its share count by 5.8 per cent over the past four quarters. The Globe reported on July 7 that ATB Capital Markets analyst Tim Monachello had reaffirmed his "outperform" recommendation for CES Energy Solutions. The shares were then worth $2.68. The Globe reported on Sept. 8 that Stifel analyst Cole Pereira had reaffirmed his "buy" recommendation for CES Energy Solutions when it could be had for $3.96. The Globe reported on Nov. 22 that National Bank Financial analyst Dan Payne had downgraded CES Solutions to "sector perform" from "outperform." It could then be had for $3.56.

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