CES Energy Solutions Corp. (TSE:CEU) Given Consensus Recommendation of “Buy” by Brokerages

Shares of CES Energy Solutions Corp. (TSE:CEU) have earned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$9.91.

A number of analysts have weighed in on the stock. TD Securities reduced their price target on shares of CES Energy Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada decreased their price target on CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. BMO Capital Markets decreased their price objective on shares of CES Energy Solutions from C$10.00 to C$9.00 in a research note on Thursday, April 17th. Atb Cap Markets upgraded CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, ATB Capital lowered their price target on shares of CES Energy Solutions from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday.

CES Energy Solutions Stock Down 0.5 %

CES Energy Solutions stock opened at C$6.22 on Tuesday. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 0.61 and a beta of 2.31. The firm has a fifty day moving average price of C$6.76 and a two-hundred day moving average price of C$8.26. 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 has a fifty-two week low of C$5.59 and a fifty-two week high of C$10.20.

CES Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a dividend of $0.0425 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.17 dividend on an annualized basis and a yield of 2.73%. This is a boost from CES Energy Solutions’s previous quarterly dividend of $0.03. CES Energy Solutions’s payout ratio is currently 14.01%.

Insider Activity at CES Energy Solutions

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 50,563 shares of the stock in a transaction dated 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 bought 5,000 shares of the business’s stock in a transaction on Monday, April 7th. The stock was purchased at an average price of C$6.00 per share, for a total transaction of C$30,000.00. 3.03% of the stock is owned by corporate 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.