CES Energy Solutions Corp. (TSE:CEU) Receives C$10.59 Average PT from Analysts

CES Energy Solutions Corp. (TSE:CEU) has been given a consensus rating of “Buy” by the six research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$10.59.

A number of research firms have commented on CEU. ATB Capital raised CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 target price for the company in a report on Friday, March 7th. National Bankshares raised their price target on 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. Finally, Atb Cap Markets upgraded CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th.

Insider Activity at CES Energy Solutions

In related news, Senior Officer Kenneth Earl Zinger bought 5,000 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of C$6.00 per share, for a total transaction of C$30,000.00. Also, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$7.23, for a total value of C$365,570.49. 3.03% of the stock is owned by company insiders.

CES Energy Solutions Stock Down 7.8 %

CES Energy Solutions stock opened at C$5.90 on Friday. The firm has a market cap of C$1.32 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.61 and a beta of 2.31. The stock has a fifty day simple moving average of C$7.62 and a two-hundred day simple moving average of C$8.44. CES Energy Solutions has a 12 month low of C$5.29 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0425 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.17 annualized dividend and a yield of 2.88%. CES Energy Solutions’s payout ratio is 14.01%.

CES Energy Solutions Company Profile

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.