CES Energy Solutions Corp. (TSE:CEU) Receives C$10.59 Average Target Price from Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$10.59.

CEU has been the topic of a number of recent analyst reports. National Bankshares increased their target price 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. ATB Capital raised 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. Finally, Atb Cap Markets upgraded shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th.

CES Energy Solutions Trading Down 10.4 %

Shares of TSE CEU opened at C$6.13 on Friday. CES Energy Solutions has a fifty-two week low of C$5.29 and a fifty-two week high of C$10.20. The company has a debt-to-equity ratio of 57.26, a quick ratio of 1.78 and a current ratio of 2.82. The company has a market cap of C$1.37 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.61 and a beta of 2.31. The business’s 50 day moving average price is C$7.94 and its 200-day moving average price is C$8.52.

CES Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.0425 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.17 dividend on an annualized basis and a yield of 2.77%. CES Energy Solutions’s dividend payout ratio is 14.01%.

Insider Buying and Selling at CES Energy Solutions

In related news, Senior Officer Kenneth Earl Zinger purchased 10,000 shares of CES Energy Solutions stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of C$6.06 per share, with a total value of C$60,600.00. Also, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$7.23, for a total value of C$365,570.49. Insiders own 3.03% of the company’s stock.

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.