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

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

A number of analysts have commented on CEU shares. 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. 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 for the company in a report on Friday, March 7th. Finally, National Bankshares raised 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 report on Thursday, December 19th.

CES Energy Solutions Stock Down 0.3 %

CEU stock opened at C$7.21 on Monday. The company has a market cap of C$1.61 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.61 and a beta of 2.31. 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 has a 12 month low of C$4.59 and a 12 month high of C$10.20. The firm has a 50-day moving average of C$8.59 and a two-hundred day moving average of C$8.55.

CES Energy Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.03 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.12 annualized dividend and a yield of 1.66%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 14.01%.

Insider Activity at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the firm’s 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$547,890.00. Also, Director Stella Cosby sold 4,304 shares of the firm’s 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 transaction of C$43,040.00. 3.03% of the stock is owned by insiders.

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.