Analysts Set CES Energy Solutions Corp. (TSE:CEU) Price Target at C$10.59

CES Energy Solutions Corp. (TSE:CEU) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$10.59.

Several equities analysts have recently commented on CEU shares. ATB Capital increased their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Atb Cap Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada increased their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. National Bankshares increased 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 report on Thursday, December 19th. Finally, Scotiabank increased their price target on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday, November 11th.

Insider Activity

In other CES Energy Solutions news, Director Stella Cosby sold 4,304 shares of CES Energy Solutions stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$43,040.00. Also, Senior Officer Anthony Michael Aulicino sold 54,789 shares of CES Energy Solutions stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total transaction of C$547,890.00. Over the last 90 days, insiders have sold 96,760 shares of company stock valued at $946,756. Insiders own 3.03% of the company’s stock.

CES Energy Solutions Stock Down 2.4 %

Shares of CES Energy Solutions stock opened at C$8.70 on Thursday. The business has a 50-day moving average of C$9.33 and a 200-day moving average of C$8.54. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78. The company has a market capitalization of C$1.95 billion, a PE ratio of 10.15, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 1-year low of C$4.04 and a 1-year high of C$10.20.

CES Energy Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.38%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 14.01%.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.