CES Energy Solutions Corp. (CEU) Given New C$9.50 Price Target at GMP Securities

CES Energy Solutions Corp. (TSE:CEU) had its price objective boosted by GMP Securities from C$9.00 to C$9.50 in a research note issued to investors on Monday morning.

CEU has been the topic of a number of other research reports. Canaccord Genuity lifted their target price on CES Energy Solutions Corp. from C$7.50 to C$8.00 in a research report on Monday, August 14th. Raymond James Financial, Inc. reiterated a strong-buy rating and set a C$8.50 target price on shares of CES Energy Solutions Corp. in a research report on Wednesday, August 30th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of C$9.17.

CES Energy Solutions Corp. (TSE:CEU) traded up C$0.05 on Monday, hitting C$6.64. The stock had a trading volume of 985,942 shares, compared to its average volume of 491,073. CES Energy Solutions Corp. has a twelve month low of C$4.94 and a twelve month high of C$8.65.

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The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.0025 per share. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, October 30th. CES Energy Solutions Corp.’s dividend payout ratio is currently 30.00%.

In other CES Energy Solutions Corp. news, Director Thomas James Simons acquired 8,500 shares of the stock in a transaction on Monday, September 18th. The shares were bought at an average price of C$5.82 per share, with a total value of C$49,470.00. Also, insider Kenneth Earl Zinger sold 127,047 shares of CES Energy Solutions Corp. stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of C$5.35, for a total value of C$679,701.45. Insiders sold a total of 317,811 shares of company stock worth $1,702,011 in the last ninety days.

CES Energy Solutions Corp. Company Profile

CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.

Analyst Recommendations for CES Energy Solutions Corp. (TSE:CEU)

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