CES Energy Solutions Corp. (TSE:CEU) Given Consensus Recommendation of “Buy” by Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have received an average rating of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$10.59.

CEU has been the topic of several research analyst reports. National Bankshares lifted their price target on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, ATB Capital upgraded shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price target on the stock in a research note on Friday, March 7th.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$7.21 on Monday. The stock has a market cap of C$1.61 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company has a fifty day simple moving average of C$8.59 and a 200-day simple moving average of C$8.55. CES Energy Solutions has a 12-month low of C$4.59 and a 12-month high of C$10.20. The company has a current ratio of 2.82, a quick ratio of 1.78 and a debt-to-equity ratio of 57.26.

CES Energy Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.03 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a yield of 1.66%. CES Energy Solutions’s dividend payout ratio is presently 14.01%.

Insider Buying and Selling at CES Energy Solutions

In other news, Director Stella Cosby sold 4,304 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00. Also, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total transaction of C$547,890.00. 3.03% of the stock is currently owned by company insiders.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.