CES Energy Solutions Corp. (TSE:CEU) Receives Average Recommendation of “Buy” from Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have received an average rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One 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 price objective among analysts that have issued a report on the stock in the last year is C$10.59.

Several equities research analysts have weighed in on CEU shares. ATB Capital upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$11.00 price objective for the company in a report on Friday, March 7th. Atb Cap Markets upgraded CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, National Bankshares increased their price objective on 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 Trading Down 7.8 %

Shares of CEU stock opened at C$5.90 on Friday. The stock has a market capitalization of C$1.32 billion, a PE ratio of 6.89, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 1-year low of C$5.29 and a 1-year high of C$10.20. The business has a 50-day moving average of C$7.62 and a 200 day moving average of C$8.44. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78.

CES Energy Solutions Increases Dividend

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

Insider Transactions at CES Energy Solutions

In related news, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$7.23, for a total transaction of C$365,570.49. Also, Senior Officer Kenneth Earl Zinger acquired 5,000 shares of CES Energy Solutions stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of C$6.00 per share, with a total value of C$30,000.00. Corporate 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.